Carvana constructed glass vehicle vending machines in American cities, but they were never just a marketing ploy. They made a statement. They declared, “We are going to scale this whether you think it makes sense or not, we are doing this differently, and we are not apologizing for being weird about it.” Those glass buildings appeared less like daring declarations and more like monuments to overconfidence in 2022 and early 2023, when Carvana’s stock had fallen from its IPO-era highs and bankruptcy rumors were making headlines.
Many people dismissed the business. It’s important to admit that they were mistaken. On June 4, 2026, CVNA is trading at about $63.50, which is far below its 52-week high of $97.38 but…