Carvana Stock Price, News & Analysis

Carvana (NYSE: CVNA) unveiled its 30th Car Vending Machine in Richmond, Virginia, enhancing its presence in the used car market. This new 12-story structure has a capacity for 43 vehicles and allows customers to experience a unique car buying process. Carvana's platform offers more than 55,000 used cars and features a 7-day return policy, ensuring customer satisfaction. The Richmond location operates Monday through Saturday, facilitating convenient vehicle pickup and trades.

Carvana (NYSE: CVNA) has launched its 29th Car Vending Machine in Salt Lake City, Utah. This eight-story structure can accommodate 27 vehicles, providing customers an innovative way to purchase cars online. With access to over 55,000 used cars, shoppers can enjoy features like personalized vehicle pick-up and a seven-day return policy. The location aims to enhance the car-buying experience by eliminating hidden fees while ensuring all vehicles pass a rigorous inspection. The facility is open Monday to Saturday, 9 a.m. to 7 p.m. MT.

Carvana Co. (NYSE:CVNA) reported a 125% year-over-year revenue increase for Q3 2021, totaling $3.480 billion. The company also achieved a 74% increase in retail units sold, reaching 111,949 vehicles. Gross profit per unit improved by $616 YoY, now at $4,672. Additionally, Carvana recorded its second consecutive quarter of positive EBITDA, showcasing strong operational performance despite market challenges.

Hertz and Carvana have announced a strategic partnership to streamline online car buying and selling, expanding Hertz's vehicle disposition channels. This collaboration follows a successful pilot and allows Hertz to leverage Carvana's advanced technology and logistics network. The partnership aims to create a more efficient direct-to-consumer sales approach, reducing Hertz's reliance on wholesale channels. Mark Fields, interim CEO of Hertz, emphasized this initiative as part of the company's transformation in the rental car sector.

Carvana Co. (NYSE: CVNA) will announce its third quarter 2021 financial results on November 4, 2021, after market close. A conference call is scheduled for 5:30 p.m. ET to discuss the results. Investors can access a live call at (833) 255-2830 or (412) 902-6715. An archived webcast will be available on their website. Carvana provides an innovative online platform for buying and selling used cars, allowing delivery in over 300 U.S. markets.

Carvana (NYSE: CVNA) has launched as-soon-as-next-day touchless home delivery services for used cars in Boise, Idaho. Customers can shop from over 45,000 vehicles and complete purchases, trades, or sales online in as little as five minutes. The service aims to enhance convenience, allowing customers to enjoy a 7-day return policy and a high-definition virtual tour of each vehicle. Carvana is expanding its delivery services to 308 U.S. cities, promoting a seamless online experience that eliminates traditional dealership visits.

Carvana (NYSE: CVNA) has announced as-soon-as-next-day touchless home delivery of vehicles for customers in the Joplin, Missouri area. The company now offers delivery to 307 cities across the U.S., allowing customers to shop over 45,000 used cars efficiently. The online platform enables users to purchase, trade in, and sell vehicles quickly, with simple financing options available. Carvana also ensures transparent pricing with no hidden fees and a 7-day return policy for customer satisfaction.

Carvana (NYSE: CVNA) expands services in Springfield, Missouri, offering as-soon-as next-day touchless home delivery for its extensive inventory of over 45,000 used cars. Customers can easily shop, finance, trade-in, or sell their vehicles through Carvana's online platform. This growth marks Carvana's 306th market, enhancing convenience for customers by eliminating traditional dealership visits. The company upholds a rigorous 150-point inspection on all vehicles, ensuring quality. With a mission to innovate car buying, Carvana continues to redefine the customer experience in the automotive marketplace.

Carvana (NYSE: CVNA) expands its Arkansas presence with next-day touchless delivery services to Fort Smith. Customers can choose from over 45,000 used cars, secure financing, and schedule vehicle delivery quickly. Carvana’s vehicles undergo a 150-point inspection, ensuring quality and transparency without hidden fees. The launch aims to enhance the car buying experience while offering residents the comfort of a seven-day return policy.