Carvana Stock Price, News & Analysis

Carvana (NYSE: CVNA) has expanded its services to Carson City, Nevada, offering as-soon-as-next-day touchless home delivery of used cars. Customers can shop from over 45,000 vehicles and complete transactions in five minutes. Carvana emphasizes convenience with a rigorous inspection of vehicles and a seven-day return policy. This service is now available in 303 cities across the U.S., enhancing accessibility to a seamless online car buying experience. CEO Ernie Garcia expresses confidence in the new market launch, aiming to provide an easier way for residents to buy cars.

Carvana (NYSE: CVNA) has launched as-soon-as-next-day home delivery for used cars to residents of Reno, Nevada. Customers can choose from over 45,000 vehicles, complete financing, and schedule deliveries all online in as little as five minutes. The company emphasizes a touchless experience, allowing residents to skip traditional dealerships. Carvana's vehicles undergo a 150-point inspection and come with a seven-day return policy. This new service expands Carvana's reach to 302 cities across the U.S., enhancing convenience and customer satisfaction.

Carvana Co. (NYSE: CVNA) has priced a private placement of $750 million in its 4.875% Senior Notes due 2029. This issuance aims to close around August 16, 2021, subject to customary conditions. The Notes will offer a 4.875% annual interest, payable semi-annually starting March 1, 2022, and will mature on September 1, 2029. Carvana will use the proceeds for general corporate purposes. The offering is limited to qualified institutional buyers and complies with specific regulations, ensuring that it remains exempt from registration under the Securities Act.

Carvana Co. (NYSE: CVNA) has announced plans to offer $750 million in Senior Notes due 2029, contingent on market conditions. Proceeds will be utilized for general corporate purposes. These notes will not be registered under the Securities Act and will only be available to qualified institutional buyers and non-U.S. persons. Founded in 2012, Carvana aims to revolutionize car buying through its online platform, which allows customers to shop from over 45,000 vehicles and schedule rapid delivery or pickup.

Carvana (CVNA) and Root, Inc. (ROOT) have announced a strategic partnership to develop integrated auto insurance solutions on Carvana's platform. Carvana will invest approximately $126 million in Root through convertible preferred securities, converting at $9.00 per share for about 14 million shares. This partnership aims to enhance customer experience by seamlessly integrating insurance with car purchases. The investment provides Carvana approximately 5% ownership in Root, underlining a strong commitment to improving customer service and driving policyholder growth.

Carvana Co. (NYSE: CVNA) reported significant growth for Q2 2021, delivering over 100,000 cars, a 96% increase year-over-year, and achieving its first positive net income. The company also earned a spot on the Fortune 500 list, becoming one of the fastest companies to do so through organic growth. Carvana's mission is to change car buying by using technology and exceptional customer service, allowing customers to shop over 45,000 vehicles and schedule convenient delivery or pickup.

Carvana Co. (NYSE: CVNA) announced its participation in two upcoming virtual investor conferences. The company's senior management will present at the J.P. Morgan 2021 Auto Conference on August 11, 2021, at 1:30 p.m. ET, and at Citi’s 2021 Global Technology Conference on September 14, 2021. Investors can access the presentations via a webcast on Carvana's investor relations website, with archived replays available afterward. Founded in 2012, Carvana revolutionizes car buying through an online platform offering over 30,000 vehicles and unique delivery options.

Carvana (NYSE: CVNA) has launched as-soon-as-next-day touchless home delivery for residents in Lincoln, enhancing their online car buying experience. Customers gain access to a national inventory of over 30,000 used cars, complete with financing options and a seven-day return policy. Carvana’s platform ensures transparency with no hidden fees and a thorough inspection process for each vehicle. This service is now available in 301 cities nationwide, expanding Carvana's reach and convenience.

Carvana (NYSE: CVNA) has launched its 300th market, now providing next-day touchless delivery to customers in Omaha. Shoppers can access over 30,000 used cars, secure auto financing, and trade in or sell their vehicles seamlessly online. Each vehicle undergoes a detailed 150-point inspection and is backed by a seven-day return policy. This milestone signifies Carvana's growth, enhancing its service offerings and customer experience nationwide.