Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between a pair of used car companies: CarLotz Inc. and Carvana. The Case for CarLotz This used car consignment company was founded in 2011 by three entrepreneurs—Michael Bor, Aaron Montgomery, and Will Boland—with a store in Midlothian, Virginia. The company later expanded to other Virginia locations, including Richmond (now the site of its headquarters), and later 11 other states: Alabama, California, Colorado, Florida, Georgia, Illinois, Missouri, North Carolina, Tennessee, Texas, and Washington, with a Nevada expansion planned for later this year. In January 2021, the company completed a merger with Acamar Partners Acquisition Corp., a Miami-based special purpose acquisition company (SPAC), and began trading on the Nasdaq exchange. The company promotes itself as the nation’s largest consignment-to-retail used vehicle marketplace. Beyond the …