Carvana Stock Price, News & Analysis

ADESA, a subsidiary of Carvana (NYSE: CVNA), has announced the launch of ADESA Simulcast on its upgraded digital platform and mobile apps. The new integration combines ADESA's two main digital auction products in a single interface: ADESA Clear (proprietary timed online wholesale auction) and ADESA Simulcast (live stream digital auction for in-lane auctions).

The platform features include data-driven valuation tools, AI-enabled vehicle recommendations, single-click bidding, and enhanced vehicle details pages. Each listing contains comprehensive condition reports with inspection information and visual merchandising powered by Carvana technology. ADESA plans to implement additional self-service functionality to streamline post-sale processes.

Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, has announced it will release its first quarter 2025 financial results on Wednesday, May 7, 2025, after market close. The company will host a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to discuss the quarterly performance and business updates.

The conference call will be accessible via phone at (833) 255-2830 or (412) 902-6715. An archived version of the webcast will be available on the company's Investor Relations website, with a telephonic replay accessible until May 14, 2025, using passcode 4026601#.

Carvana (NYSE: CVNA) has announced plans to integrate an auction and reconditioning 'Megasite' in Phoenix, combining its Inspection and Reconditioning Center (IRC) capabilities with its existing ADESA Phoenix wholesale auction location. The facility, located in Chandler, AZ, spans nearly 100 acres with over 5,000 parking spaces.

The integration will create approximately 200 new jobs and maintain both digital and in-lane auction operations. The ADESA Phoenix site, which has served local wholesale auto auction customers for over 20 years, will implement Carvana's proprietary CARLI software to support efficiency across its IRC network.

This expansion will increase Carvana's total reconditioning capacity, improve vehicle selection, and establish an expanded inventory pool in the Phoenix metropolitan area. The integration aims to enable faster local delivery options, potentially offering same or next-day delivery for local buyers, while maintaining full auction functionality for wholesale customers.

Carvana (NYSE: CVNA) has announced plans to integrate an auction and reconditioning 'Megasite' in central New Jersey, combining its Inspection and Reconditioning Center (IRC) capabilities with its existing ADESA New Jersey wholesale auction location in Manville.

The 100-acre facility will maintain both digital and in-lane auction operations while expanding Carvana's production capacity. The integration is expected to create approximately 200 new jobs in Manville, including both entry-level and skilled positions.

Key benefits include:

• Faster delivery speeds for local car buyers
• Enhanced auction offerings for local commercial customers
• Increased total reconditioning capacity
• Same or next-day delivery access for local buyers

Carvana (NYSE: CVNA) has launched a new advertising campaign featuring actors Kristen Bell and Dax Shepard, highlighting the company's user-friendly online car buying platform. The campaign, developed by Carvana's in-house creative team, showcases the couple's comedic chemistry as they demonstrate different car-shopping styles on Carvana's platform.

In the commercial, Bell and Shepard independently browse Carvana's inventory using contrasting approaches - Bell's quick decision-making style versus Shepard's detailed research method - ultimately selecting the same vehicle. The campaign emphasizes Carvana's ability to accommodate various shopping preferences while providing a stress-free car-buying experience.

The nationwide campaign will be distributed across digital and broadcast platforms, featuring Carvana's digital tools and transparent process that enables customers to make informed decisions when purchasing vehicles online.

Carvana (CVNA) reported record financial results for Q4 and full year 2024. The company achieved total revenue of $13.67 billion (+27% YoY) and sold 416,348 retail units (+33% YoY) in 2024. Notable achievements include:

- Full year net income of $404 million with 3.0% margin
- Record adjusted EBITDA of $1.38 billion with 10.1% margin
- GAAP Operating Income of $990 million

In Q4 2024, Carvana sold 114,379 retail units (+50% YoY) generating revenue of $3.55 billion (+46% YoY), with net income of $159 million and adjusted EBITDA of $359 million. The company expects significant growth in both retail units sold and Adjusted EBITDA for 2025, including sequential increases in Q1 2025.

Carvana (NYSE: CVNA) has released an EV Trends Report showcasing significant growth in used electric vehicle adoption. The company's EV sales mix stands at 5.7% of 2024 sales, substantially higher than the industry average of 1.3%.

Key findings reveal that cost savings on fuel is the primary motivation for EV purchases, followed by vehicle style and performance. The report highlights that 80% of EV owners primarily charge at home, and 86% drive less than 50 miles daily, resulting in minimal reliance on public charging infrastructure. Despite this, over half of EV owners use their vehicles for long road trips.

The report also indicates strong category loyalty, with 88% of EV owners more likely to consider an EV for their next purchase. Carvana is responding to this trend by enhancing its EV-specific processes to maintain customer experience quality.

Carvana (NYSE: CVNA) announced plans to integrate an Inspection and Reconditioning Center (IRC) with the existing ADESA Indianapolis wholesale auction site, creating an auction-IRC 'Megasite'. The Plainfield, IN facility spans over 100 acres with nearly 12,000 parking spaces, combining wholesale auction operations with Carvana's inspection and reconditioning capabilities.

The integration is expected to create approximately 200 new local jobs over time. The Megasite will increase Carvana's total reconditioning capacity, improve vehicle selection nationwide, and enhance delivery efficiency with potential same-day delivery for local customers. The site will utilize Carvana's proprietary CARLI software to support efficiency and consistency across its IRC network.

Carvana has unveiled a unique collaboration between seven-time NASCAR champion Jimmie Johnson and basketball Hall of Famer Shaquille O'Neal, resulting in a custom paint scheme for Johnson's No.84 Toyota at Daytona. The design, revealed at Shaq's Fun House in New Orleans on February 7, features elements from O'Neal's 1990s basketball career, including pinstripes and the iconic 'Dunkman' logo on the hood.

The special paint scheme emerged from a playful online exchange between the two sports legends, culminating in a friendly wager. The car will make its debut during DAYTONA 500 qualifying on February 12, with the main race scheduled for February 16, 2025, at Daytona International Speedway, broadcasting on FOX at 2:30 p.m. ET.