How has Carvana been doing over the past year? They focused on reducing the friction in buying/selling used cars, right?<p>I wonder if they could have suffered from the supply crunch. Last I checked, 5-year-old Corollas were pushing $20k, and a new base model is about the same price.<p>Anecdotally, I checked Carvana and local dealers when I was looking for a car recently, because I usually buy $5k beaters and drive them into the ground. This time, it didn't make sense to risk a lemon when I could get a bumper-to-bumper warranty for the same price. So I waited until I could find something new at MSRP, and that was that.