Carvana Stock Price, News & Analysis

Carvana (CVNA) has expanded its same-day vehicle delivery service to the greater Denver area, allowing local customers to receive their purchased vehicles within hours of ordering on Carvana.com. The expansion is supported by Carvana's first-party logistics network and its newly enhanced ADESA Colorado Springs facility, which now serves as an Inspection and Reconditioning Center (IRC). Denver-area customers can also utilize same-day drop-off options when selling their vehicles to Carvana through their online appraisal process.

The service enhancement leverages Carvana's extensive infrastructure and efficient logistics fleet, marking a significant improvement in delivery speed for Denver customers who previously had access to Carvana's vehicle selection but with longer delivery times. This expansion follows Carvana's initial same-day delivery launch in Arizona and represents part of the company's ongoing nationwide service enhancement strategy.

Carvana (NYSE: CVNA), a leading e-commerce platform for used car transactions, has announced that CFO Mark Jenkins will participate in the William Blair 45th Annual Growth Stock Conference. The presentation is scheduled for June 4, 2025, at 3:20 PM CT. Investors can access the presentation through a live webcast on Carvana's Investor Relations website, with an archived replay available after the event.

Carvana (CVNA) has unveiled a special paint scheme for NASCAR legend Jimmie Johnson's No. 84 Toyota to commemorate his 700th career start at the upcoming Coca-Cola 600. The milestone will take place at Charlotte Motor Speedway, where Johnson made his first NASCAR Cup Series start in 2001. The design features Johnson's signature neon yellow numbers and Carvana's branding with American flag-inspired stripes.

Following his third-place finish at the 2025 Daytona 500, Johnson returns to Charlotte, where he has previously secured eight Cup Series victories. As part of NASCAR's "600 Miles of Remembrance" during Memorial Day weekend, the car will honor fallen Marine 1st Lt. Matthew Robert Davis. The race will be broadcast on Amazon Prime at 6:00 p.m. ET on May 25.

Carvana (NYSE: CVNA) and the Professional Pickleball Association (PPA Tour) have extended their multi-year title sponsorship agreement, building on their successful partnership that began in 2022. The Carvana PPA Tour achieved significant milestones in 2024, including attracting over 320,000 spectators to events and distributing more than $30 million in prize money to over 130 professional athletes.

Key achievements include the launch of Pickleballtv, a 24-hour pickleball network through Tennis Channel, and unique fan engagement initiatives like "Carvana's Road to the Finals" sweepstakes. The partnership will continue featuring events under the Carvana PPA Tour name while introducing enhanced fan experiences, expanded tournament coverage, and increased prize opportunities. For 2025, the tour plans more than 20 marquee tour stops with upgraded fan and amateur experiences.

Carvana (CVNA) reported exceptional Q1 2025 results, achieving record-breaking performance across multiple metrics. The company sold 133,898 retail units (+46% YoY) and generated total revenue of $4.232 billion (+38% YoY). Notable achievements include record Q1 net income of $373 million with an 8.8% margin, and record Adjusted EBITDA of $488 million with an 11.5% margin.

The company expects to set new all-time records in Q2 2025 with sequential increases in both retail units sold and Adjusted EBITDA. Looking ahead, Carvana announced an ambitious management objective to reach 3 million retail units per year at a 13.5% Adjusted EBITDA margin within 5-10 years.

ADESA, a subsidiary of Carvana, has announced significant expansion of its ADESA Clear digital wholesale auction platform. The service now operates across more than 45 locations in the ADESA and Carvana network, providing nationwide coverage for wholesale auto buyers.

Key developments include:

• Geographic expansion reaching nearly all ADESA wholesale customers
• Increased vehicle selection across the network
• Reduced average distance between buyers and inventory
• Thousands of wholesale customers already utilizing the platform

The platform, which began in select markets in late 2023 and expanded throughout 2024 and early 2025, continues to enhance its digital auction platform with new tools and features. According to Nikki Behrens, Carvana's Senior Director of Marketplaces Strategy & Analytics, this expansion represents just the beginning of their digital auction opportunity.

Carvana (NYSE: CVNA) has announced plans to integrate an auction and reconditioning 'Megasite' at its ADESA Colorado Springs location. The facility, located in Fountain, spans approximately 50 acres with over 4,000 parking spaces and will combine Inspection and Reconditioning Center (IRC) capabilities while maintaining existing wholesale auction operations.

The integration is expected to create about 100 new jobs in the area, including both entry-level and skilled positions. The expansion will increase Carvana's total reconditioning capacity, improve vehicle selection, and establish an expanded inventory pool in the Colorado Springs metropolitan area, leading to faster delivery times for local customers.

The site will leverage Carvana's proprietary CARLI software to support efficiency and consistency across its IRC network. ADESA Colorado Springs has served local wholesale auto auction customers for over 40 years, and wholesale customers will continue to have access to both in-lane and online auction functionality while benefiting from enhanced reconditioning operations.