Welcome to our dedicated page for Carvana news (Ticker: CVNA), a resource for investors and traders seeking the latest updates and insights on Carvana stock.
Carvana Co. operates an automotive e-commerce platform for buying and selling used vehicles online. Company news commonly covers retail unit growth, quarterly financial results, online vehicle shopping and selling features, financing and trade-in capabilities, and delivery or pickup options including same-day service in selected markets.
Updates also track Carvana's national operating infrastructure, including Inspection and Reconditioning Centers, ADESA wholesale auction sites, CARLI software used in reconditioning operations, and Car Vending Machine locations. Other recurring developments include stockholder actions, equity-related programs, market expansion, customer experience initiatives, and brand partnerships tied to the company's online auto retail model.
Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, has announced it will report its fourth quarter and fiscal year 2024 financial results on Wednesday, February 19, 2025, after market close. The company will host a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to discuss the results.
The conference call will be accessible via phone at (833) 255-2830 or (412) 902-6715. A replay will be available until February 26, 2025, by dialing (877) 344-7529 or (412) 317-0088 with passcode 2061293#. An archived webcast will be available on the company's Investor Relations website.
Carvana (NYSE: CVNA) has launched a new marketing campaign featuring actors Kristen Bell and Dax Shepard to showcase its online car buying platform. The campaign, developed by Carvana's in-house creative team, demonstrates how the company's digital tools accommodate different car-shopping styles.
The new commercial portrays Bell and Shepard using distinct approaches to car shopping on Carvana's platform, ultimately selecting the same vehicle. This highlights the platform's versatility in serving various customer preferences, from quick decision-makers to thorough researchers.
The campaign will be distributed across digital and broadcast platforms nationwide in the coming weeks, emphasizing Carvana's commitment to providing transparent, user-friendly tools for online vehicle purchases.
Carvana (NYSE: CVNA) has announced a multi-year partnership with Rush Soccer, the world's largest youth soccer club with over 60,000 players nationwide. As the front-of-kit partner, Carvana's logo will appear on all Rush game jerseys starting August 2025.
The partnership aims to enhance youth soccer experiences by reducing financial barriers and includes Carvana's involvement in community initiatives, event activations, and content collaborations across Rush Nation. Carvana will also become the presenting sponsor of two major Rush tournaments.
The newly designed Rush Soccer jerseys featuring Carvana's logo were unveiled at the United Soccer Coaches Convention on January 11, 2025. The collaboration focuses on supporting youth soccer development and fostering community engagement through sports.
Carvana (NYSE: CVNA) announced plans to integrate an Inspection and Reconditioning Center (IRC) at its existing ADESA Atlanta wholesale auction site, creating an auction-IRC 'Megasite'. The Fairburn, GA facility spans over 100 acres with nearly 12,000 parking spaces and will maintain both digital and in-lane auction operations while adding new IRC capabilities.
The integration is expected to create approximately 200 new jobs in the area and will increase Carvana's total reconditioning capacity. The Megasite will enhance local retail and wholesale customer experience by providing access to more vehicles with same or next-day delivery options. The transition will be facilitated by the site's existing infrastructure and Carvana's proprietary CARLI software system.
Carvana (NYSE: CVNA) has announced its top-selling used vehicles for 2024, with the Tesla Model 3 claiming the number one position, surpassing the Chevrolet Equinox. The rankings show a significant shift in consumer preferences, with EVs gaining prominence and SUVs maintaining strong appeal. The top 10 list includes five SUVs, demonstrating their continued popularity among families.
The Tesla Model 3's rise from outside the top 20 in 2023 to the leading position in 2024 reflects growing EV demand. The company also announced reaching a milestone of 2 million cars sold lifetime-to-date in 2024. Popular models include the Chevrolet Equinox, Nissan Rogue, Ford Escape, Ford Explorer, Toyota Camry, Honda Civic, Nissan Altima, Jeep Grand Cherokee, and Ford F-150 SuperCrew.
Carvana (NYSE: CVNA) announced plans to integrate Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Boston wholesale auction site, creating an auction-IRC 'Megasite'. The 100-acre facility near Framingham will maintain digital and in-lane auction operations while expanding to include vehicle reconditioning services. The integration is expected to create approximately 200 new jobs and will increase Carvana's total reconditioning capacity. The site features over 13,000 parking spaces and will utilize Carvana's CARLI software for operations. This expansion aims to improve delivery times for local retail customers and enhance auction offerings for wholesale customers.
Carvana (NYSE:CVNA) has expanded its same-day vehicle delivery service to the Las Vegas, Nevada area. This enhancement allows select local residents to receive their purchased vehicles within hours of ordering on Carvana.com. The service is supported by Carvana's first-party logistics network and the new auction-IRC Megasite in Las Vegas, which combines inspection and reconditioning capabilities with an existing ADESA wholesale auction location. The company has been serving the Las Vegas area since 2017 and currently offers same-day delivery in parts of 16 states, with plans for continued expansion across its nationwide footprint.
Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, announced that Chief Financial Officer Mark Jenkins will present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunication Conference. The presentation is scheduled for Wednesday, November 20, 2024, at 8:00 AM ET at the InterContinental New York Barclay.
The company will provide a live webcast of the presentation through their Investor Relations website, with an archived replay available after the event.
Carvana has launched a new broadcast campaign featuring seven-time NASCAR champion Jimmie Johnson to promote their same-day vehicle delivery service. The commercial, produced by Carvana's in-house creative team, shows Johnson experiencing a day as a Carvana customer advocate, highlighting how customers can receive their cars in less than 24 hours after ordering on carvana.com. The campaign will be distributed across television, digital, and social media platforms.
Carvana (CVNA) reported strong Q3 2024 results with net income of $148 million and record Adjusted EBITDA of $429 million. The company achieved 34% year-over-year retail unit growth, selling 108,651 units, and generated total revenue of $3.655 billion (+32% YoY). Notable achievements include a 4.0% net income margin and an industry-leading 11.7% Adjusted EBITDA margin. The company expects Q4 to show increased year-over-year growth in retail units and projects full-year 2024 Adjusted EBITDA to significantly exceed their previous guidance range of $1.0-$1.2 billion.