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Carvana
Carvana is an online used car retailer based in Tempe, Arizona. The company is the fastest growing online used car dealer in the United States and is known for its multi-story car vending machines. Carvana was named to the 2021 ''Fortune 500'' List, one of the youngest companies to be added to the list. History Carvana was founded by Ernest Garcia III, Ryan Keeton and Ben Huston in 2012. The company's initial funding round came from the used car retailer and finance company, DriveTime. In November 2013, Carvana opened its first iteration of a car vending machine. In 2015, a fully automated, commemorative coin-operated version of the signature car vending machine opened in Nashville, Tennessee. , Carvana operates 32 vending machines in the US. In April 2017, the company went public and began trading on the New York Stock Exchange under the symbol CVNA. Also in 2017 Carvana acquired rival automotive startup Carlypso to enhance vehicle data and analytical tools. In April 2018 ...
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Carvana Vending Machine Tempe Arizona
Carvana is an online used car retailer based in Tempe, Arizona. The company is the fastest growing online used car dealer in the United States and is known for its multi-story car vending machines. Carvana was named to the 2021 '' Fortune 500'' List, one of the youngest companies to be added to the list. History Carvana was founded by Ernest Garcia III, Ryan Keeton and Ben Huston in 2012. The company's initial funding round came from the used car retailer and finance company, DriveTime. In November 2013, Carvana opened its first iteration of a car vending machine. In 2015, a fully automated, commemorative coin-operated version of the signature car vending machine opened in Nashville, Tennessee. , Carvana operates 32 vending machines in the US. In April 2017, the company went public and began trading on the New York Stock Exchange under the symbol CVNA. Also in 2017 Carvana acquired rival automotive startup Carlypso to enhance vehicle data and analytical tools. In April 2 ...
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DriveTime
DriveTime Automotive Group Inc. is an American used car retailer and finance company. It is based in Tempe, Arizona, and sells and finances cars to customers around the nation. The company was formerly known as Ugly Duckling and was renamed DriveTime in 2002. It also spun off Carvana and GO Financial, SilverRock Group Inc, and Bridgecrest Acceptance Corporation. , DriveTime had approximately 145 locations in the U.S. and 3,800 employees. Operations DriveTime is a private company headquartered in Tempe, Arizona. The company's business model is focused on selling previously owned vehicles to car-buyers. It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, including subprime lending. DriveTime buys 150,000 cars annually at various auctions. After auction, the company puts the purchased cars through a 14-day inspection at one of its 24 inspection centers. It makes necessary repairs before sending the vehicles to its dealerships. Appro ...
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Ernest Garcia III
Ernest C. Garcia III (born 1982/1983) is an American businessman, and the CEO and co-founder of Carvana. Early life and education Ernest Garcia III is the son of Ernest Garcia II. He earned a bachelor's degree in Management Science and Engineering from Stanford University in 2005. Career Garcia began his career as an associate in the Principal Transactions Group at RBS Greenwich Capital. He joined DriveTime in 2007, before co-founding (with Ryan Keeton and Ben Huston) its subsidiary Carvana in 2012, with Garcia as president and CEO since its inception. Carvana was eventually spun out from DriveTime and given an IPO in 2017. At that time, Garcia became chairman of Carvana. In 2016, Garcia was named Ernst & Young Entrepreneur Of The Year in the Mountain Desert region for the consumer technology category Garcia, along with Carvana's co-founders, were included in Fortune's 40 Under 40 list in 2017. According to the ''Bloomberg Billionaires Index'', Garcia's wealth dropped 98% ...
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Tempe, Arizona
, settlement_type = City , named_for = Vale of Tempe , image_skyline = Tempeskyline3.jpg , imagesize = 260px , image_caption = Tempe skyline as seen from Papago Park , image_flag = Tempe, Arizona official flag.png , seal_size = , image_map = File:Maricopa County Arizona Incorporated and Unincorporated areas Tempe Highlighted 0473000.svg , mapsize = 250px , map_caption = Location of Tempe in Maricopa County, Arizona , image_map1 = , mapsize1 = , map_caption1 = , pushpin_map = Arizona#USA , pushpin_map_caption = Location in Arizona##Location in the United States , pushpin_relief = 1 , coordinates = , subdivision_type = C ...
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Russell 1000 Index
The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted average market capitalization of $608.1 billion and a median market capitalization of $15.1 billion. , components ranged in market capitalization from $1.8 billion to $1.4 trillion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The ticker symbol is ^RUI. There are several exchange-traded funds and mutual funds that track the index. Record values Annual returns Top sectors by weight * Technology * Consumer Discretionary * Health Care * Industrials * Financial services Top 10 holdings * Apple () * Microsoft () * Amazon () * Alphabet (Class A) () * Tesla () *Alphabet (Class C) () * Meta () * Nvidia () * Berkshire Hathaway () * UnitedHealth Gr ...
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North Carolina
North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and South Carolina to the south, and Tennessee to the west. In the 2020 census, the state had a population of 10,439,388. Raleigh is the state's capital and Charlotte is its largest city. The Charlotte metropolitan area, with a population of 2,595,027 in 2020, is the most-populous metropolitan area in North Carolina, the 21st-most populous in the United States, and the largest banking center in the nation after New York City. The Raleigh-Durham-Cary combined statistical area is the second-largest metropolitan area in the state and 32nd-most populous in the United States, with a population of 2,043,867 in 2020, and is home to the largest research park in the United States, Research Triangle Park. The earliest evidence of human occupation i ...
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Vehicle Title
In the United States, the certificate of title for a vehicle (also known as a car title, automobile title, or pink slip) is a legal form, establishing a person or business as the legal owner of a vehicle. Vehicle titles in the U.S. are commonly issued by the Secretary of State in the state the vehicle was purchased by the Department of Motor Vehicles (DMV). Each state in the US has its own distinct process for the Certificate of Title. When filling out the title during a vehicle transaction, the rules in one state do not always apply to a different state. For example, most states do not require a notary when filling out the title, while other states in the U.S.A. make this mandatory for most parties when buying or selling a vehicle. Some states have different versions of the same title. The certificate of title normally specifies (in most states & versions): #Identifying information about the vehicle, normally at minimum its vehicle identification number, make, and year of manu ...
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Illinois
Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rockford, as well Springfield, its capital. Of the fifty U.S. states, Illinois has the fifth-largest gross domestic product (GDP), the sixth-largest population, and the 25th-largest land area. Illinois has a highly diverse economy, with the global city of Chicago in the northeast, major industrial and agricultural hubs in the north and center, and natural resources such as coal, timber, and petroleum in the south. Owing to its central location and favorable geography, the state is a major transportation hub: the Port of Chicago has access to the Atlantic Ocean through the Great Lakes and Saint Lawrence Seaway and to the Gulf of Mexico from the Mississippi River via the Illinois Waterway. Additionally, the Mississippi, Ohio, and Wabas ...
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Illinois Secretary Of State
The Secretary of State of Illinois is one of the six elected executive state offices of the government of Illinois, and one of the 47 secretaries of states in the United States. The Illinois Secretary of State keeps the state records, laws, library, and archives, and is the state's corporation registration, vehicle registration and driver licensing authority. The current Secretary of State is Jesse White, a Democrat who took office in 1999. Duties The Secretary of State is the keeper of the official records, laws, and Great Seal of Illinois. These duties have remained unchanged since Illinois became a U.S. state in 1818. In addition, the Secretary is the custodian of the Illinois State Capitol. The office is also responsible for administering the laws and procedures concerning the registration of corporations, lobbyists, and notaries public. The Secretary of State performs other duties prescribed by law. The Secretary oversees the state archive and the state library. ...
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WMAQ-TV
WMAQ-TV (channel 5) is a television station in Chicago, Illinois, United States, airing programming from the NBC network. It is owned and operated by the network's NBC Owned Television Stations division alongside Telemundo outlet WSNS-TV (channel 44); it is also sister to regional sports network NBC Sports Chicago. WMAQ-TV and WSNS-TV share studios at the NBC Tower on North Columbus Drive in the city's Streeterville neighborhood and share transmitter facilities atop the Willis Tower in the Chicago Loop. History Early years (1948–1964) The station first signed on the air on October 8, 1948, as WNBQ; it was the fourth television station to sign on in Chicago. It was also the third of NBC's five original owned-and-operated television stations to begin operations, after WNBC-TV in New York City and WRC-TV in Washington, D.C., and before WKYC in Cleveland and KNBC in Los Angeles. WNBQ initially broadcast a minimum of two hours of programming per day. The station orig ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets ...
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