Carvana Stock Price, News & Analysis

Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, will report its second quarter 2024 financial results on July 31, 2024. The results will cover the period ending June 30, 2024, and will be released after market close. Management will host a live conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to discuss the financial performance and business updates. The call can be accessed live via phone or through an archived webcast on the company's Investor Relations website. A replay will be available until August 7, 2024.

Carvana (NYSE: CVNA), a leader in e-commerce for used cars, recently hosted institutional investors and analysts at its Rocklin, CA Inspection and Reconditioning Center (IRC). The event showcased the proprietary technology and infrastructure that drive Carvana's efficiency and scalability, including the CARLI app-based inventory management system. Analysts from J.P. Morgan, William Blair, Needham, and Wedbush noted Carvana's widening competitive advantage, technological advancements, and improved processes, all contributing to profitable growth. The event followed a similar tour at Carvana's Haines City, FL IRC in November 2023, with significant progress observed in both reconditioning and logistics.

Carvana (NYSE: CVNA), the online auto retailer, has announced the expansion of its same day vehicle delivery service to residents in the greater Richmond, Virginia area. This service allows customers to receive their purchased vehicles on the same day the order is placed. In addition, select customers selling their vehicles to Carvana can benefit from same day drop-off. This initiative is part of Carvana's broader strategy to enhance customer convenience and speed up vehicle delivery processes. Leveraging its advanced logistics network and infrastructure, Carvana aims to provide swift and efficient service to its customers.

Carvana (NYSE: CVNA), a top e-commerce platform for used cars, has been honored with the 2024 CSO Award by Foundry’s CSO, an IDG company. This award recognizes 50 organizations for their significant contributions to security and risk management. Carvana's winning project utilized phantom token technology to enhance security and user experience on its site, improving authentication while extending session durations. The award underscores Carvana’s commitment to innovative, secure, and efficient technology solutions. The award will be presented at the CSO Conference & Awards at the We-Ko-Pa Casino Resort in October 2024.

Carvana has unveiled a unique paint scheme for Jimmie Johnson's No. 84 Toyota, designed by his daughters Genevieve (13) and Lydia (11), for the Brickyard 400 race at the Indianapolis Motor Speedway. This Father’s Day-themed design features a blend of colors and patterns representing Johnson’s personal life, including images of their Jack Russell Terrier and their way of wishing their dad luck. This special paint scheme will debut on July 21, 2024. Johnson, a four-time Brickyard 400 champion, expressed his excitement and pride in sharing this personal moment with fans.

Carvana (NYSE: CVNA) has announced the expansion of its same day vehicle delivery service to the Newark, New Jersey area. This move means approximately 25% of the US population now falls within the same day delivery radius.

Customers in the Newark area can now receive their purchased vehicles or sell their existing ones in under 24 hours. The service offers access to popular vehicles like the Jeep Grand Cherokee, Chevrolet Equinox, Jeep Compass, and Tesla Model 3.

Carvana's first-party logistics network and infrastructure, including inspection and reconditioning centers, support this service expansion. The launch reflects Carvana's commitment to enhancing customer convenience and accessibility.

Carvana Co. (NYSE: CVNA), an e-commerce platform for buying and selling used cars, presented at the William Blair 44th Annual Growth Stock Conference.

Key updates include:

Operating Plan: Carvana's internal plan over the past 12 months focused on improving unit economics and profitability. Q1 results show a 16% YoY increase in retail units, a 42% increase in non-GAAP GPU, a 17% decrease in non-GAAP SG&A per unit, and an 860 bps rise in Adjusted EBITDA Margin. Q1 Adjusted EBITDA was $235 million with capital expenditures and non-PIK interest expense of $48 million.

Capital Structure: Carvana repurchased $250 million of 2028 Senior Secured Notes and raised $350 million through its ATM program, expecting $55 million in interest expense savings by 2026 and $620 million less debt by year-end 2026.

Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, has announced that its Founder and CEO, Ernie Garcia, will present at the William Blair 44th Annual Growth Stock Conference.

The presentation is scheduled for Thursday, June 6, 2024, at 11:20 AM CT. A live webcast will be available on Carvana's Investor Relations website, with an archived replay accessible post-event.

Carvana (NYSE: CVNA), a leader in online used car sales, has announced an investor tour at its Rocklin, CA Inspection and Reconditioning Center. The event is scheduled for Tuesday, June 25, 2024. Senior leaders from Carvana’s Inventory and Fulfillment teams will provide an operational overview of the facility and address questions from attendees. Participation is , and interested investors and analysts are encouraged to contact the company via investors@carvana.com.