I just watched again as the shares of Carvana stocks rose from 11% to 27.55 and had a revenue of $360.4 million! Pretty good for a guy that started on Shark Tank. In the first quarter, it sold 18,484 vehicles, up 122% from the year-ago period. That was slightly above management's guidance of 18,450. That was driven by higher penetration in existing markets and contributions from newly launched markets. Carvana launched 12 new markets in the first quarter, bringing its total to 56. Carvana is selling lots of cars, but are they doing it with good margins? The answer to that is yes — and increasingly so. CVNA has been tinkering internally with its pricing algorithms, and it’s working. Gross profit per unit is also tracking similarly — from $1,539 in 2017 to over $2000 last year. Carvana improves the user experience dramatically. Piles of paperwork that no one actually goes over with a fine-tooth comb are now streamlined into a ten-minute process from beginning to end. Next-day car deliveries are available in select markets for buyers who are antsy to drive their new vehicle. Carvana is still in the early stages of a long-term secular trend. THIS is the Millennial trend --- and it will continue this way. Carvana's motto tagline is a great, straightforward one too: "BECAUSE CAR BUYINGSHOULDN'T SUCK"