Carvana, a leading e-commerce platform for buying and selling used cars, will locate an inspection and distribution center in West Memphis, Arkansas.

The company plans to invest approximately $40 million in the building, equipment and infrastructure, and create more than 400 jobs in the coming years.

“Carvana has been growing extremely rapidly over the last several years and we are working to bring The New Way to Buy a Car to even more customers all the time,” said Carvana’s Director, Infrastructure Development & Operations, Benjamin Morens. “As part of our efforts to scale the business, we’re looking forward to working with West Memphis and the state of Arkansas to open a vehicle inspection and reconditioning center, and become a member of the West Memphis community.”

“Carvana is an upstart company that is changing the used car industry through technology and great customer service,” said Governor Asa Hutchinson. “That’s just the sort of business model we have sought in our recruiting efforts, and we’re pleased to see these high-paying jobs coming to the Delta.”

“The Carvana facility will undoubtedly create national buzz,” said Commerce Secretary Mike Preston. “That will allow us to showcase the city and state in a way that will put Arkansas on the forefront of even more opportunities.”

West Memphis Mayor Marco McClendon said, “Our city has so much to offer in the way of resources, location and workforce, and we appreciate that Carvana recognizes that and their committed investment in our community.”