Carvana Stock Price, News & Analysis

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.

Carvana (NYSE: CVNA) has made its national advertising debut during the Super Bowl, highlighting its commitment to customer satisfaction. With a light-hearted campaign featuring an 'oversharing mom', Carvana aims to emphasize its customer-centric approach and innovative car buying experience. Having sold over a million cars, it boasts an industry-leading Net Promoter Score (NPS) and a 4.7 out of 5 customer satisfaction rating. Carvana's mission is to redefine car ownership by providing transparency and convenience through fully online transactions.

Carvana Co. (NYSE: CVNA) will announce its fourth quarter and fiscal year 2021 financial results on February 24, 2022, after market close. A conference call is scheduled for 5:30 p.m. ET to discuss the results. Founded in 2012, Carvana revolutionizes car buying and selling through its online platform, offering over 55,000 vehicles and services such as financing and next-day delivery. It operates across 300+ U.S. markets.

Carvana (NYSE: CVNA) has launched its services in Cape Girardeau, Missouri, marking its seventh market in the state. The company offers as-soon-as-next-day touchless home delivery, enabling customers to shop from over 55,000 vehicles online. Key features include auto financing options, a 7-day return policy, and a simple trade-in process. Carvana aims to provide a hassle-free car buying experience without hidden fees. Now serving 312 U.S. cities, Carvana continues to innovate in the online auto retail space.

Carvana (NYSE: CVNA) has achieved remarkable growth, becoming the fastest used car retailer to sell over 400,000 vehicles organically in one year. The company reached the milestone of selling one million vehicles online in just nine years. This success is attributed to its innovative online platform and a commitment to customer service, reflected in a 4.7-star customer experience rating. With a workforce of over 20,000 employees, Carvana operates in more than 300 markets, offering convenient vehicle delivery to over 80% of the U.S. population.