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Better Buy: Carvana vs. Upstart

Better Buy: Carvana vs. Upstart

Carvana, which is best known for its "car vending machine" towers, challenged traditional used car dealerships with an e-commerce platform that enabled customers to easily secure financing, buy vehicles, and sell them online. Upstart challenged traditional credit reporting agencies by analyzing non-traditional data like a person's education, GPA, standardized test scores, and work history to help banks, credit unions, and auto dealerships approve loans. Carvana hit an all-time high of $370.10 last August, while Upstart closed at a record high of $390 last October.