Carvana has unveiled its new vehicle inspection and distribution center in West Memphis. On Tuesday, Jan. 5, Carvana representatives, along with state and local officials, cut the ribbon on the new facility.
The Arizona-based online car buying and financing platform announced its plans to build the center in September 2019. According to Arkansas Money & Politics’ original report, the inspection and distribution center represented a $40 million investment in West Memphis.
The West Memphis facility will be used to “inspect, recondition, photograph, and store inventory,” according to an Arkansas Economic Development Commission news release. It will feature a vaulted photo studio with 360-degree photo technology, 3D photo vision and augmented reality capabilities.
“Companies in Arkansas are historically renowned for their innovation and entrepreneurship,” Arkansas Department of Commerce Secretary Mike Preston said in a statement. “With its technologically innovative business model, I’m confident that Carvana will be a great fit for Arkansas’ business community, and I am excited to celebrate the opening of its new inspection center in West Memphis.”
As part of the new facility, Carvana is expected to create more than 400 new jobs. These positions will include inventory associates, automotive technicians, and autobody and paint technicians.
Carvana was founded in 2012 and is based in Tempe, Ariz. Since its founding, it has steadily grown, going public on the New York Stock Exchange in 2017.