Carvana Stock Price, News & Analysis

Carvana (NYSE: CVNA) has announced the launch of as-soon-as-next-day vehicle delivery for residents in the Portland, Maine area. This new offering allows customers to shop from over 55,000 used cars and benefit from a seamless online purchasing experience. Carvana's services include transparent pricing with no hidden fees, a seven-day return policy, and a patented virtual vehicle tour. Currently, Carvana provides delivery services to customers in 310 cities across the U.S.

Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, will present at the Wells Fargo TMT Summit on Wednesday, December 1, 2021, at 1:20 p.m. ET. A live webcast of the presentation will be available on Carvana's investor relations website, and an archived replay will follow. Founded in 2012, Carvana aims to transform the car buying experience by providing an online platform for consumers to shop over 55,000 vehicles and schedule next-day delivery. Carvana operates in over 300 U.S. markets and is recognized as a Fortune 500 company.

Carvana (NYSE: CVNA) expands its Midwest presence by launching operations in Iowa, providing as-soon-as-next-day vehicle delivery in Des Moines. Customers can choose from over 55,000 used cars, enjoy a 150-point inspection guarantee, and access features like secure financing and a car loan calculator. With a seven-day return policy, buyers can ensure their satisfaction. CEO Ernie Garcia emphasizes the cultural growth of Des Moines and the convenience of Carvana's online platform, now serving 309 U.S. cities.

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.