Carma Limited (ASX:CMA)

Carma is a technology-led, full-stack digital platform for buying and selling used vehicles in Australia. It operates a vertically integrated business model that spans direct-from-consumer sourcing, inspection and in-house reconditioning, AI-powered pricing, online retail, dealer-only wholesale auctions, financing and delivery. The model is designed to deliver a simpler and more trusted experience for buyers and sellers, while capturing value across the full automotive retail chain.