Carvana Gets $160M For Online Car Dealership

Phoenix-based Carvana announced this morning that it has raised $160M in funding, which brings the company's total raised to a stunning $460M. The company did not disclose the investors in the Series C funding, which it says will be used for growth, including expanding physical operations and its "Car Vending Machines", plus for hiring and technology. The startup, led by Ernie Garcia, offers up online automobile buying in a number of markets, including next day deliver of vehicles in Atlanta, Austin, Birmingham, Charlotte, Dallas, Houston, Jacksonville, Miami, Nashville, Orlando, Raleigh, Richmond, San Antonio, Tampa and Washington, D.C. More information »