Carvana Stock Price, News & Analysis

Carvana (NYSE: CVNA) has introduced a new co-signer option for vehicle financing in Orlando, enabling customers to better qualify for financing. By adding a co-signer, customers can access more attractive financing terms such as lower down payments and interest rates. The application process is straightforward, requiring minimal documentation and having no impact on credit scores. This offering targets new drivers and those looking to build credit as well as couples and families seeking affordable vehicle options. Carvana continues to grow, serving over 80% of the U.S. population.

Carvana (NYSE: CVNA) has introduced a new financing feature for customers in Tampa, allowing them to add a co-signer to their vehicle loans. This change aims to enhance loan eligibility, enabling customers to access better financing terms, such as lower down payments and interest rates. The co-signer process is simple and does not affect credit scores. This initiative is designed to assist new drivers and those with limited credit histories in obtaining more favorable loan conditions. Carvana continues to expand its customer-centric approach as it seeks to modernize the car buying experience.

Carvana (NYSE: CVNA) has enhanced its vehicle financing options for Texas residents by allowing the addition of a co-signer in the loan process. This change enables customers in cities like Dallas, Houston, Austin, and San Antonio to unlock better financing terms, including reduced down payments and lower interest rates. The application process is quick, with no impact on credit scores for either party. This initiative targets new drivers and those seeking to build credit, aiming to ease the financial burden amidst rising vehicle prices and interest rates.

Carvana (NYSE: CVNA) has launched a nationwide sweepstakes to mitigate customers' fuel costs, offering a chance to win $2,500 in fuel gift cards to those who pick up cars at their Car Vending Machines. The contest runs from August 8 to September 7, 2022. During this period, buyers who opt for this pickup method can enter the drawing to win a year's worth of gas, with one winner selected from each location. This initiative is part of Carvana's commitment to customer satisfaction amidst rising fuel prices, averaging over $4 across the U.S.

Carvana Co. (NYSE: CVNA) reported a 9% year-over-year increase in retail units sold, totaling 117,564 units. The company achieved revenue of $3.884 billion, marking a 16% growth from the prior year. Notably, Carvana successfully closed the acquisition of ADESA U.S.’s Physical Auction Business. CEO Ernie Garcia announced significant progress in adapting to market changes, emphasizing customer satisfaction and market share gains despite economic challenges. The company aims to become the largest and most profitable auto retailer.

Carvana (NYSE: CVNA) has introduced a new co-signer option for vehicle financing, enhancing affordability for South Carolina residents. This feature allows customers to apply alongside a co-signer, potentially unlocking lower down payments, interest rates, or monthly payments. The process is simple, requiring no impact on credit scores during the initial application. This offering is designed to assist car shoppers facing high prices and rising interest rates, especially benefiting younger and first-time buyers. Carvana, recognized as a top automotive brand, continues to expand its innovative services across the U.S.

Carvana Co. (NYSE: CVNA) announced its participation in several upcoming investment conferences, including the J.P. Morgan Automotive Conference on August 10, 2022, and the Piper Sandler Growth Frontiers Conference on September 13, 2022. Additionally, Carvana will present at the Morgan Stanley Laguna Conference on September 14, 2022, and the Deutsche Bank Leveraged Finance Conference on September 21, 2022. A webcast will be available on their investor relations website, with an archived replay following the live event.

Carvana Co. (NYSE: CVNA) will announce its second quarter financial results for the period ending June 30, 2022, on Thursday, August 4, 2022. The announcement will occur after the market closes, followed by a conference call and webcast at 5:30 p.m. ET. Interested parties can join the call by dialing (833) 255-2830 or (412) 902-6715. A replay will be available until August 11, 2022. For further details, visit the Investor Relations section of Carvana's website.