Carvana Stock Price, News & Analysis

Carvana (NYSE: CVNA) launched its 32nd Car Vending Machine in Spring, Texas, marking its second in Houston. The new facility, standing eight stories tall and with a capacity for 27 vehicles, enhances the buying experience with over 70,000 used cars available online. Customers can enjoy features like a 7-day return policy and skip dealership visits. Carvana guarantees a transparent pricing model with no hidden fees. This expansion highlights Carvana's growth in Texas, boasting five vending machines statewide.

Carvana (NYSE: CVNA) is expanding its services in Maine, offering as-soon-as-next-day touchless home delivery in the Bangor area. Customers can access over 70,000 used cars for sale, secure auto financing, and schedule vehicle delivery in just five minutes. The company emphasizes transparency with no hidden fees, a seven-day return policy, and a rigorous 150-point vehicle inspection. Carvana's service is now available in 314 cities across the U.S., aimed at enhancing customer convenience and experience.

Carvana (NYSE: CVNA) is expanding its services to Ames, Iowa, offering as-soon-as-next-day touchless vehicle delivery to customers. With over 70,000 used cars available, customers can shop, secure financing, and even sell their current vehicles in as little as five minutes. Carvana's user-friendly platform includes a 150-point vehicle inspection, ensuring quality and transparency. The company maintains a seven-day return policy, allowing customers to evaluate their purchase fully. Carvana now operates delivery services in 313 U.S. cities, continuously enhancing its online auto retail experience.

Carvana (NYSE: CVNA) has partnered with Chip Ganassi Racing and Jimmie Johnson for its second year of sponsorship in the NTT INDYCAR SERIES, enhancing fan engagement and introducing community-driven initiatives. The new Driven to Give Back program will raise funds for charities including TechForce Foundation, The American Legion, and Athena Racing. Race fans can expect exclusive behind-the-scenes content, promoting equity and education in the automotive industry, along with a new video series featuring Johnson's rookie season.

Carvana (NYSE: CVNA) has opened its 31st Car Vending Machine in Escondido, California, marking its third in the state. This eight-story facility can accommodate up to 27 vehicles, allowing customers to browse an inventory of over 70,000 used cars. Customers benefit from a seamless online shopping experience, 7-day return policy, and a 150-point vehicle inspection. The San Diego location emphasizes Carvana's commitment to revolutionizing car buying by providing automation and convenience. Vehicle pick-up is free for customers at all vending machine locations.

Carvana Co. (NYSE: CVNA) will present at the Wolfe Research Consumer Conference on March 4, 2022, at 1:40 p.m. ET. This virtual event will showcase Carvana's innovative online car buying and selling platform, aimed at enhancing customer experience through technology. A webcast of the presentation will be available on Carvana's investor relations website, with an archived replay following the live event. Carvana, founded in 2012 in Phoenix, serves over 300 U.S. markets, offering a seamless platform for purchasing, selling, and financing vehicles.

Carvana Co. (NYSE: CVNA) reported a strong financial performance for Q4 and full year 2021. Retail units sold increased by 57% YoY in Q4, with 113,016 units sold. Revenue surged by $3.753 billion, marking a 105% increase YoY. For the full year, retail units sold reached 425,237, up 74% YoY, with total revenue of $12.814 billion, a 129% rise YoY. Total gross profit per unit improved to $4,537, increasing $1,285 YoY, and Carvana reported its first full year of positive EBITDA (excluding one-time items).

Carvana (NYSE: CVNA) has signed a definitive agreement to acquire ADESA's U.S. physical auction business from KAR Global (NYSE: KAR) for $2.2 billion in cash. This acquisition is set to significantly enhance Carvana's infrastructure, enabling the company to expand its annual production capacity to over 3 million vehicles. Once fully operational, 78% of the U.S. population will be within 100 miles of a Carvana inspection and reconditioning center. ADESA U.S. contributed over $800 million in revenue and $100 million in EBITDA in 2021.

Carvana (NYSE: CVNA) has officially opened a new campus in Atlanta, Georgia, solidifying its status as the fastest organic growth used auto retailer in the U.S. The Atlanta location is one of the company's largest, employing over 1,500 team members. Carvana plans to create an additional 3,500 jobs in the area over the coming years. The launch comes as Carvana continues to innovate, enhancing its customer experience across 300 markets, with industry-leading ratings including a 4.7-star customer rating.