Carvana is an innovative online platform that revolutionizes the process of buying and selling used vehicles. The company allows customers to browse a vast selection of cars through its website, providing detailed descriptions and visual assets to facilitate informed purchasing decisions. Carvana also offers unique features like home delivery and the option to sell or trade vehicles seamlessly, eliminating the traditional hassles associated with dealerships. With a focus on enhancing the customer experience, Carvana leverages technology to streamline every step of the automotive retail process, aiming to make car buying more convenient and accessible for consumers. Read More
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
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Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today released an EV Trends Report, highlighting continued momentum in battery electric vehicle (EV) and plug-in hybrid (PHEV) (together, “electrified vehicles”) adoption. The report shows electrified vehicles now 9% of Carvana’s retail unit sales, with SUV models driving much of the growth in recent years.
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Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars, today announced that Mark Jenkins, Carvana’s Chief Financial Officer, will present to the investor community and host meetings at the upcoming J.P. Morgan Automotive Conference.
Shares of online used car dealer Carvana (NYSE: CVNA)
jumped 17.7% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations for both revenue and earnings.
Wedbush analyst Seth Basham raised the brokerage’s price target on Carvana to $360 from $320 and noted that guidance for the third quarter suggests continued momentum toward long-term growth initiatives.
