Subject: Re: Carvana Short Report
I find both businesses perplexing.

YTD
KMX -45%
CVNA +85%

Anecdotal: we just bought a new EV and wanted to dispose of our old Chevy Bolt. Very good shape, 77k miles.
Chevy dealer trade in offer $6,000
Carmax $7,000
Carvana $11,400 and they will pick it up from my house today for $90.

How do they do it?