Carvana Co (N:CVNA)

Business Focus: Used Car Dealers

Aug 19, 2019 08:15 am ET
Carvana to Present at Upcoming Investor Conference
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced that senior management will present to the investment community and host meetings at the following conference:
Aug 15, 2019 09:00 am ET
Carvana Debuts Los Angeles Car Vending Machine
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, unveiled its newest Car Vending Machine today, located in the Westminster area of Los Angeles. The newest addition stands eight stories high and holds 30 vehicles, offering a memorable and unique pickup experience for those who purchase a vehicle on
Aug 13, 2019 09:00 am ET
Carvana Grows Southern California Reach, Bringing The New Way to Buy a Car to Oxnard
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, has launched as-soon-as-next-day vehicle delivery to Oxnard area residents, bringing even more Californians The New Way to Buy a Car. In as little as 10 minutes, from the comfort of home or on the go via mobile device, customers can shop more than 15,000 vehicles on
Aug 07, 2019 04:05 pm ET
Carvana Announces Second Quarter 2019 Financial Results
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended June 30, 2019. Carvana’s complete second quarter 2019 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quart
Jul 17, 2019 06:00 am ET
Carvana Debuts 19th Car Vending Machine in the U.S.
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today unveiled its newest Car Vending Machine in Greensboro. Standing eight stories tall, holding 27 vehicles, the memorable and customer-centric pickup location offers a one-of-a-kind experience for customers who purchase a vehicle on
Jul 10, 2019 04:05 pm ET
Carvana to Report Second Quarter 2019 Results and Host Quarterly Conference Call on August 7
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2019 financial results for the period ended June 30, 2019, following the close of market on Wednesday, August 7, 2019. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results.
Jun 19, 2019 06:00 am ET
Carvana’s Rapid Expansion Brings The New Way to Buy a Car to Four Additional North Carolina Markets
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in four North Carolina markets today, offering as-soon-as-next-day vehicle delivery to Asheville, Fayetteville, Wilmington and Hickory. In as little as 10 minutes, from the comfort of home or on the go via their mobile device, customers can sho
Jun 12, 2019 06:00 am ET
Carvana Grows in South Carolina, Bringing the New Way to Buy a Car to Spartanburg and Florence
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, grew its South Carolina presence today, offering as-soon-as-next-day vehicle delivery to Florence and Spartanburg. In as little as 10 minutes, customers can shop more than 15,000 vehicles on
Jun 05, 2019 06:00 am ET
Carvana Expands Central Florida Presence
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in two Florida markets today, offering as-soon-as-next-day vehicle delivery to Lakeland and North Port. In as little as 10 minutes, from the comfort of home or on the go via their mobile device, area residents can shop more than 15,000 vehicles
May 29, 2019 08:15 am ET
Carvana to Present at Upcoming Investor Conferences
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced that senior management will present to the investment community and host meetings at the following conferences:
May 21, 2019 09:12 pm ET
Carvana Co. Announces Pricing of Senior Notes Offering
Carvana Co. ("Carvana") (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced that it has priced the private placement of an additional $250.0 million aggregate principal amount of its 8.875% senior notes due 2023 (the “new notes”). The new notes priced at 100.500% of their principal amount, plus accrued and unpaid interest from April 1, 2019, representing a yield to call of 8.693%. The new notes will be issued as additional notes under the indenture governing the outstanding $350.0 million of senior notes
May 21, 2019 09:10 pm ET
Carvana Co. Announces Upsize and Pricing of its Offering of Class A Common Stock
Carvana Co. ("Carvana") (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced the upsize and pricing of its public offering of 4,200,000 shares of its Class A common stock at a price to the public of $65.00 per share. In addition, Carvana has granted the underwriters the right to purchase up to 630,000 additional shares of Class A common stock at the offering price. The offering was upsized from the previously announced offering size of 3,500,000 shares of Class A common stock. The offering is expected to
May 20, 2019 04:16 pm ET
Carvana Co. Announces $250.0 Million Private Offering of Senior Notes
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced it is planning to offer, subject to market conditions and other factors, $250.0 million of additional 8.875% senior notes due 2023 (the “new notes”) in a private offering. The new notes will be issued as additional notes under the indenture governing the outstanding $350.0 million in aggregate principal amount of Carvana’s 8.875% senior notes due 2023 that were issued on September 21, 2018 (the “existing notes”).
May 20, 2019 04:14 pm ET
Carvana Co. Announces Offering of Class A Common Stock
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced that it has commenced a public offering of its Class A common stock. Carvana is proposing to sell 3,500,000 shares of Class A common stock and expects to grant the underwriters the right to purchase up to 525,000 additional shares of Class A common stock.
May 15, 2019 06:00 am ET
Carvana Expands Mid-Atlantic Presence with Four Additional Markets
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in four Mid-Atlantic markets today, offering its as-soon-as-next-day vehicle delivery to Hagerstown, Salisbury, Charlottesville and Roanoke area residents. In as little as 10 minutes, from the comfort of home or on the go via their mobile devic
May 09, 2019 07:00 am ET
Carvana Unveils Kansas City Car Vending Machine
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, debuted its newest Car Vending Machine today, located in Kansas City. Standing eight stories high, holding 27 vehicles, the Kansas City location provides a memorable and customer-centric pickup experience for customers who purchase a vehicle on
May 08, 2019 04:05 pm ET
Carvana Announces First Quarter 2019 Financial Results
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced financial results for the quarter ended March 31, 2019. Carvana’s complete first quarter 2019 financial results and management commentary can be found by accessing the Company’s shareholder letter on the
May 07, 2019 07:00 am ET
Carvana Grows Wisconsin Presence, Bringing Green Bay and Appleton the New Way to Buy a Car
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, has launched the new way to buy a car in Green Bay and Appleton. In as little as 10 minutes, from the comfort of home or on the go via their mobile device, customers can shop more than 15,000 vehicles on
Apr 23, 2019 09:00 am ET
Honcker Announces Partnership with Carvana
NEW YORK, April 23, 2019 /PRNewswire/ -- Honcker, an on-demand platform transforming the car leasing experience, announced today a partnership with Carvana (NYSE: CVNA), a leading online used car retailer, that will integrate Carvana's proprietary technology into Honcker's on-demand car leasing application. Car owners can now obtain an offer on their existing vehicle to sell to Carvana, and start a new lease with just a few swipes. The partnership creates the first-ever end-to-end digital platform for selling an old car and getting into a new lease, without setting foot in a dealership. The ...
Apr 22, 2019 04:52 pm ET
Carvana Adds Neha Parikh, President of Hotwire, to Board of Directors
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, announced today that Neha Parikh has joined Carvana’s board of directors, effective today.
Apr 18, 2019 08:00 am ET
Carvana Presence Climbs Higher in the Rockies with Four Additional Markets
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched as-soon-as-next-day vehicle delivery to Colorado Springs, Boulder, Fort Collins and Greeley area customers today. In as little as 10 minutes, customers can shop more than 15,000 vehicles on
Apr 11, 2019 07:50 am ET
Report: Developing Opportunities within Floor & Decor, Carvana, Phibro Animal Health, Simulations Plus, Nature's Sunshine Products, and Jernigan Capital — Future Expectations, Projections Moving into
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Floor & Decor Holdings, Inc. (NYSE:FND), Carvana Co. (NYSE:CVNA),...
Apr 10, 2019 04:05 pm ET
Carvana to Report First Quarter 2019 Results and Host Quarterly Conference Call on May 8
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2019 financial results for the period ended March 31, 2019, following the close of market on Wednesday, May 8, 2019. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results.
Apr 10, 2019 07:00 am ET
Carvana Brings its Newest Car Vending Machine to Chicago
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, debuted its newest Car Vending Machine today in Chicago. Standing eight stories tall, holding up to 27 vehicles, the patented coin-operated, all-glass structure creates a fun, memorable pick up experience for customers who purchase their vehicle on Carv
Apr 04, 2019 09:00 am ET
Carvana Presence in California Grows Rapidly with Three Additional Markets
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in three additional California markets today, offering as-soon-as-next-day vehicle delivery to Salinas, Santa Cruz and Visalia area residents. In as little as 10 minutes, customers can shop more than 15,000 vehicles on
Apr 02, 2019 09:00 am ET
Carvana Brings the New Way to Buy a Car to Three New California Markets
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in Stockton, Modesto and Vallejo today. In as little as 10 minutes, from the comfort of home or on the go via their mobile device, customers can shop more than 15,000 vehicles on
Mar 26, 2019 09:00 am ET
Carvana Announces Pricing of First Auto Loan Securitization
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, announced today that it priced its first auto loan securitization, successfully adding a new, large, and diverse monetization channel to its finance offering.
Mar 26, 2019 06:00 am ET
Carvana Strengthens Midwest Operations with Indianapolis Inspection Center
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announces its newest vehicle inspection center. Located in the Indianapolis suburb of Greenfield, Ind., Carvana’s newest facility joins counterparts in the Atlanta, Dallas, Philadelphia and Phoenix metro areas. At these centers, Carvana inspects,
Mar 21, 2019 06:00 am ET
Carvana Debuts Second Pennsylvania Car Vending Machine
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, unveiled its newest Car Vending Machine today in Pittsburgh. The newest addition to the Steel City’s skyline stands eight stories tall and holds 27 vehicles, creating a memorable and customer-centric pickup experience for customers who purchase a vehicl
Mar 19, 2019 07:00 am ET
Carvana Launches the New Way to Buy a Car in Three Additional Texas Markets
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, has expanded its Texas presence, launching the new way to buy a car in Killeen, College Station and Waco. From the comfort of home or on the go via their mobile device, customers can shop more than 15,000 vehicles on
Mar 07, 2019 06:00 am ET
Carvana Lands in Dayton with the New Way to Buy a Car
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in Dayton today with as-soon-as-next-day vehicle delivery. In as little as 10 minutes, customers can shop more than 15,000 vehicles on
Mar 05, 2019 08:00 am ET
Carvana Continues Growth in the Southwest Launching Third Market in Arizona
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in its third market in Arizona today. In as little as 10 minutes, from the comfort of home or on the go via their mobile device, Prescott area residents can shop more than 15,000 vehicles on
Feb 27, 2019 04:05 pm ET
Carvana Announces Fourth Quarter and Full Year 2018 Results
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced financial results for the quarter ended Dec. 31, 2018. Carvana’s complete fourth quarter 2018 financial results and management commentary can be found by accessing the Company’s shareholder letter on the
Feb 27, 2019 06:00 am ET
Carvana Celebrates Bringing the New Way to Buy a Car to its 100th Market
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, strengthened its presence in the southeast today, now offering as-soon-as-next-day vehicle delivery to Hilton Head Island, S.C., Tuscaloosa, Ala., Athens, Ga., and the company’s 100th market, Savannah, Ga. In as little as 10 minutes, customer
Feb 20, 2019 06:00 am ET
Carvana Expands to Five Additional Markets in the Northeast
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in five additional Northeast markets today. In as little as 10 minutes, customers can shop more than 15,000 vehicles on
Feb 12, 2019 09:00 am ET
Spruce Point Capital Releases A Strong Sell Forensic Research Opinion On Carvana Co. (NYSE: CVNA)
NEW YORK, Feb. 12, 2019 /PRNewswire/ -- Report entitled "A Countrywide Auto Stock Promotion" outlines how CVNA faces 50%-70% intermediate downside risk to approximately $9.60 to $16.00 per share due to the Company's expectations of unrealistic financial performance at scale, its use of aggressive and unsustainable tactics to boost earnings growth, its secretive reliance on closely-tied entities for financing and uneconomical subprime loan sales, and its premium, tech-like multiple compared to traditional auto dealers – its true comp set. The long-term future of Carvana, whose debt is current...
Feb 11, 2019 07:50 am ET
Analysis: Positioning to Benefit within Micron Technology, Carvana, LCI Industries, Silicon Laboratories, Floor & Decor, and McGrath RentCorp — Research Highlights Growth, Revenue, and Consolidated Re
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Micron Technology, Inc. (NASDAQ:MU), Carvana Co. (NYSE:CVNA), LCI...
Feb 06, 2019 08:00 am ET
Carvana Vehicles Now Available Nationwide through Bank of America Car Shopping and Financing Digital Platform
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used vehicles, has partnered with Bank of America to offer a streamlined digital car buying process. The Bank of America digital car shopping and financing platform will now add more than 15,000 Carvana vehicles to its existing inventory of both new and used vehic
Jan 30, 2019 06:00 am ET
Carvana Rapidly Expands in the State of New York
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, has launched in five New York markets, offering its as-soon-as-next-day vehicle delivery to Rochester, Buffalo, Syracuse, Binghamton and Albany area residents. In as little as 10 minutes, customers can shop more than 15,000 vehicles on
Jan 23, 2019 07:00 am ET
Carvana to Report Fourth Quarter and Fiscal Year 2018 Results and Host Quarterly Conference Call on February 27
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, today announced it will report its fourth quarter and fiscal year 2018 financial results for the period ended December 31, 2018, following the close of market on Wednesday, February 27, 2019. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results.
Jan 16, 2019 01:20 pm ET
CORRECTING and REPLACING Carvana Brings Columbus the New Way to Buy a Car, Expanding Georgia Presence to Four Markets
In the headline and photo caption, please note that the references to Five Markets now read Four Markets. Also, in the first and third paragraphs, the references to fifth market now read fourth market.
Jan 04, 2019 08:00 am ET
Carvana-Acquired Car360 Featured on “Shark Tank”
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, selling and financing used cars, will appear on “Shark Tank,” airing Sunday, Jan. 6 at 9 p.m. ET on ABC Television. The episode features a follow-up segment with Mark Cuban as he checks in with Car360 founder Bruno Francois, to see how the company is doing since their initia
Dec 21, 2018 08:05 am ET
Carvana to Present at Upcoming Investor Conferences
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, today announced that senior management will present to the investment community and host meetings at the following conferences:
Dec 19, 2018 07:00 am ET
Carvana Launches in Wisconsin, Growing Midwest Reach
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, launched in Wisconsin today, offering as-soon-as-next-day vehicle delivery to Milwaukee and Madison area residents. In as little as 10 minutes, from the comfort of home or on the go via their mobile device, Carvana customers can shop more tha
Dec 13, 2018 06:00 am ET
Carvana Debuts its Newest Car Vending Machine in Indianapolis
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, today unveiled its newest Car Vending Machine in Indianapolis. The online auto retailer’s signature all-glass tower stands seven stories high and displays 26 vehicles. Indianapolis is now home to the first Car Vending Machine in the state and
Dec 11, 2018 09:00 am ET
Carvana Brings the New Way to Buy a Car to Tech-Forward Bay Area and Silicon Valley
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, selling and financing used cars, has expanded its presence in California with the launch of its San Francisco and San Jose markets, offering as-soon-as-next-day vehicle delivery to area customers. Faster than deciding which show to stream next, customers can visit
Nov 28, 2018 06:30 am ET
Carvana to Host Analyst Day on Nov. 29
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, today announced it will host an analyst day on Thursday, Nov. 29, 2018, in Phoenix. Carvana CEO Ernie Garcia will be joined by the senior management team to discuss the company’s long-term outlook and Carvana’s technology foundation. A live webcast of the event, along with supporting materials, will be accessible from the Investor Relations section of the company's website,
Nov 15, 2018 09:00 am ET
Recent Analysis Shows Carvana, Gildan Activewear, AMETEK, Vertex Energy, Neonode, and Kirkland Lake Gold Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Carvana Co. (NYSE:CVNA), Gildan Activewear, Inc. (NYSE:GIL), AMETEK,...
Nov 07, 2018 04:05 pm ET
Carvana Announces Third Quarter 2018 Financial Results
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced financial results for the quarter ended September 30, 2018. Carvana’s complete third quarter 2018 financial results and management commentary can be found by accessing the Company’s shareholder letter on the
Nov 07, 2018 06:00 am ET
Carvana Expands Pennsylvania Presence into Scranton
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, launched today in Scranton, with as-soon-as-next-day vehicle delivery, growing its market count in the state to seven. In as little as 10 minutes, Scranton customers can shop more than 10,000 vehicles on
Nov 02, 2018 09:00 am ET
Carvana Brings Online Car Buying to “Ralph Breaks the Internet”
The last thing any e-commerce company wants is for someone to break the internet. Even if that someone is Wreck It Ralph, himself. But that’s exactly what he and Vanellope are doing in the highly anticipated Disney movie, “Ralph Breaks the Internet,” hitting theaters on Nov. 21. Carvana (NYSE: CVNA), an online used car retailer, is riding along
Nov 02, 2018 07:00 am ET
Ally to Finance up to $1.6 Billion in Retail Contracts and Provide $650 Million Floorplan Commitment to Carvana
DETROIT, Nov. 2, 2018 /PRNewswire/ -- Ally Financial today announced it is providing up to $2.3 billion in financing commitments over the next 12 months to support retail contracts from and inventory needs of Carvana, a leading e-commerce platform for buying, financing and selling used cars. In its third year of financing agreements with Carvana, Ally will provide up to $1.25 billion available for bulk purchases, in addition to providing a $350 million warehouse credit facility. The $650 million floorplan credit line includes a two-year commitment and represents an increase of $300 million o...
Oct 24, 2018 09:00 am ET
Carvana Launches in Fresno with As-Soon-As-Next-Day Delivery
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, launched in Fresno today with as-soon-as-next-day vehicle delivery. In as little as 10 minutes, Central Valley customers can shop more than 10,000 vehicles on
Oct 24, 2018 06:00 am ET
Carvana to Host Analyst Day on Nov. 29
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, today announced it will host an analyst day on Thursday, Nov. 29, 2018, in Phoenix. Carvana CEO Ernie Garcia will be joined by the senior management team to discuss the company’s long-term outlook and Carvana’s technology foundation. A live webcast of the event, along with supporting materials, will be accessible from the Investor Relations section of the company's website,
Oct 11, 2018 06:00 am ET
Carvana Unveils its Newest Car Vending Machine in Philadelphia
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today debuted its newest Car Vending Machine, located in the Fishtown neighborhood of Philadelphia. This is the 14th Car Vending Machine location for the company, joining counterparts in Houston, Austin, San Antonio, Dallas, Nashville (Tenn.),
Oct 10, 2018 08:05 am ET
Carvana to Report Third Quarter 2018 Results and Host Quarterly Conference Call on November 7
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, today announced it will report its third quarter 2018 financial results for the period ended September 30, 2018, following the close of market on Wednesday, November 7, 2018. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results.
Oct 09, 2018 07:00 am ET
Carvana Brings Beaumont the New Way to Buy a Car
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, launched today in Beaumont, Texas, with as-soon-as-next-day vehicle delivery. Customers can shop more than 10,000 vehicles on Carvana.com, finance, purchase, and even
Oct 03, 2018 06:00 am ET
Carvana Expands to Myrtle Beach, Growing its Presence in South Carolina
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, has launched in Myrtle Beach, S.C., with as-soon-as-next-day vehicle delivery. Customers can shop more than 10,000 vehicles on Carvana.com, finance, purchase, and even sell their current vehicle to Carvana, then schedule as-soon-as-next-day de
Sep 20, 2018 06:00 am ET
Carvana’s New Way to Buy a Car is Now the NYC Way to Buy a Car
Residents in New York City can order just about anything online and get it delivered to their front door. Now, thanks to Carvana (NYSE: CVNA), that also includes cars. Carvana, a leading e-commerce platform for buying, financing and selling used cars, has launched as-soon-as-next-day vehicle delivery in New York City. Customers can
Sep 14, 2018 01:33 pm ET
Carvana Co. Announces Pricing of Upsized Senior Notes Offering
Carvana Co. ("Carvana") (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced that it has upsized and priced the private placement of $350.0 million aggregate principal amount of its 8.875% Senior Notes due 2023 (the “Notes”). The offering was upsized from the previously announced $300.0 million aggregate principal amount. An entity affiliated with Ernest Garcia, II, Carvana’s controlling shareholder, has agreed to purchase $25.0 million aggregate principal amount of Notes in the offering. The Notes will be issued und
Sep 12, 2018 07:00 am ET
Online Car Buying Solution Carvana Launches As-Soon-As-Next Day Delivery in Tulsa
Carvana (NYSE: CVNA), a leading e-commerce platform for buying, financing and selling used cars, has launched its as-soon-as-next-day vehicle delivery offering in Tulsa, doubling its Oklahoma market presence. Customers can shop more than 10,000 vehicles on Carvana.com, finance, purchase, and even sell their current vehicle to Carvana, the
Sep 10, 2018 09:18 am ET
Carvana Co. Announces Senior Notes Offering
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced it is planning to offer, subject to market conditions and other factors, $300.0 million in aggregate principal amount of Senior Notes due 2023 (the “notes”). Carvana intends to use the net proceeds from this offering to pay its fees and expenses related to the offering and for general corporate purposes.
Aug 29, 2018 06:00 am ET
Carvana Continues Rapid Expansion, Launches Four New Markets in Two Midwest States
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, launched in four additional markets today, offering its free, as-soon-as-next-day vehicle delivery to Grand Rapids, Lansing and Flint, Michigan; and Fort Wayne, Indiana. Whether smitten with the mitten in Michigan, or “in the heart of it all” in Fort Wayne, area res
Aug 22, 2018 08:15 am ET
Carvana to Present at Upcoming Investor Conferences
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced that senior management will present to the investment community at the following conferences:
Aug 08, 2018 04:08 pm ET
Carvana Announces Second Quarter 2018 Financial Results
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced financial results for the quarter ended June 30, 2018. Carvana’s complete second quarter 2018 financial results and management commentary can be found by accessing the Company’s shareholder letter on the
Aug 08, 2018 06:00 am ET
Pennsylvania Presence Grows for Carvana with Harrisburg, Lancaster, Allentown and York-Hanover Markets
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced four new markets in Pennsylvania, offering customers in Harrisburg, Lancaster, Allentown and York-Hanover free, as-soon-as-next-day vehicle delivery. With the freedom and flexibility to purchase a car from the comfort of home or on the go via their m
Aug 03, 2018 08:10 am ET
Report: Exploring Fundamental Drivers Behind Cal-Maine Foods, Enersys, Progress Software, Carvana, SendGrid, and Armada Hoffler Properties — New Horizons, Emerging Trends, and Upcoming Developments
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cal-Maine Foods, Inc. (NASDAQ:CALM), Enersys (NYSE:ENS), Progress Software...
Jul 19, 2018 06:00 am ET
Carvana Grows Presence in Ohio with Four New Markets and State’s First Car Vending Machine
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, today launched its newest Car Vending Machine in the Rock ‘n Roll Capital of the World; but you can’t rock it – or roll it – to shake loose a free car. Carvana’s new Cleveland location stands eight stories high and holds up to 30 vehicles, giving those who purchase
Jul 18, 2018 08:15 am ET
Carvana to Report Second Quarter 2018 Results and Host Quarterly Conference Call on August 8
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced it will report its second quarter 2018 financial results for the period ended June 30, 2018, following the close of market on Wednesday, August 8, 2018. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results.
Jul 17, 2018 09:00 am ET
Carvana Brings California's Capital City a New Way to Buy a Car
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, continues to grow its presence in California, today launching its free, as-soon-as-next-day vehicle delivery in the state’s capital, Sacramento. Customers who visit
Jun 20, 2018 09:00 am ET
Carvana Opens the Country's Largest Car Vending Machine in Tempe
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, today launched its largest Car Vending Machine to date, located in the company’s hometown, Tempe, Ariz. Standing nine stories high, the all-glass tower holds up to 34 vehicles and provides a fun, unique way to pick up vehicles purchased on Carvana.com. This is the c
Jun 07, 2018 06:00 am ET
Carvana Opens Newest Car Vending Machine in Orlando
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, debuted its newest Car Vending Machine in Orlando, Florida today, only two days after opening its Washington, D.C. Car Vending Machine. The Orlando location is Carvana’s 11th Car Vending Machine in just three years, and the third Car Vending Machine in th
Jun 05, 2018 06:00 am ET
Carvana Debuts Newest Car Vending Machine in the Nation's Capital, Washington, D.C.
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, opened the country’s newest Car Vending Machine in Washington, D.C. This launch marks 10 Car Vending Machines in just three years for the auto retail disruptor. The fully automated, coin-operated Car Vending Machine is an eight-story, all-glass tower that holds up t
May 23, 2018 07:55 am ET
Report: Exploring Fundamental Drivers Behind StoneMor Partners, Carvana, Children's Place, Orchids Paper Products, Aerojet Rocketdyne, and DCP Midstream Partners, LP — New Horizons, Emerging Trends, a
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of StoneMor Partners L.P. (NYSE:STON), Carvana Co. (NYSE:CVNA), Children's...
May 09, 2018 04:05 pm ET
Carvana Announces First Quarter 2018 Financial Results
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced financial results for the quarter ended March 31, 2018. Carvana’s complete first quarter 2018 financial results and management commentary can be found by accessing the Company’s shareholder letter on the
May 09, 2018 06:00 am ET
Carvana Debuts Country's Newest Car Vending Machine in Charlotte
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, has launched its newest Car Vending Machine in Charlotte, North Carolina. The fully automated, coin-operated Car Vending Machine is eight stories high and holds up to 32 vehicles, giving customers a unique and memorable pick-up experience for cars they have purchase
May 03, 2018 08:15 am ET
Carvana to Present at Upcoming Investor Conferences
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced that senior management will present to the investment community at the following conferences:
Apr 26, 2018 06:05 am ET
Carvana Co. Announces Upsize and Pricing of its Follow-on Offering of Class A Common Stock
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced the upsize and pricing of its follow-on public offering of 11,000,000 shares of its Class A common stock at a price to the public of $27.50 per share. Carvana is selling 6,600,000 shares of Class A common stock and selling stockholders are selling 4,400,000 shares of Class A common stock. In addition, a selling stockholder has granted the underwriters the right to purchase up to 1,650,000 additional shares of Class A common stock at the offering price. T
Apr 23, 2018 04:22 pm ET
Carvana Co. Announces Launch of Proposed Follow-on Offering of Class A Common Stock
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced that it has commenced a follow-on public offering of its Class A common stock. Carvana is proposing to sell 6,000,000 shares of Class A common stock and selling stockholders are proposing to sell 4,000,000 shares of Class A common stock. In addition, a selling stockholder has granted the underwriters the right to purchase up to 1,500,000 additional shares of Class A common stock. Carvana will not receive any proceeds from the shares sold by selling stock
Apr 23, 2018 04:19 pm ET
Carvana Co. Announces Estimated Q1 2018 Operating Results, Including $360 Million in Revenue
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars (“Carvana” or the “Company”), today announced certain preliminary estimates of its operating results for the three months ended March 31, 2018 compared to its actual operating results for the three months ended March 31, 2017.
Apr 18, 2018 08:15 am ET
Carvana to Report First Quarter 2018 Results and Host Quarterly Conference Call on May 9
Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying used cars, today announced it will report its first quarter 2018 financial results for the period ended March 31, 2018, following the close of market on Wednesday, May 9, 2018. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results.
Apr 17, 2018 06:00 am ET
Carvana Acquires Car360
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, has acquired fellow technology innovator Car360, accelerating Carvana’s 360-degree photo technology capabilities with 3D computer vision and augmented reality (AR).
Apr 11, 2018 05:00 am ET
Carvana is New England's New Way to Buy a Car
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, has launched its free delivery service for customers in Boston, Worcester (Mass.), Manchester (N.H.) and Providence (R.I.). With the ability to shop more than 10,000 vehicles on
Apr 04, 2018 06:00 am ET
Carvana Ups Car Buying Horsepower in Lexington, Offering Free Delivery
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, launched in Lexington today, offering its online car buying solution and free delivery service in its 57th market to date and second market in the Bluegrass State. Customers can shop more than 10,000 vehicles on
Mar 30, 2018 08:15 am ET
Consolidated Research: 2018 Summary Expectations for PCM, ABM Industries, Blackstone Mortgage Trust, CommVault, Carvana, and Zillow Group — Fundamental Analysis, Key Performance Indications
NEW YORK, March 30, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of PCM, Inc. (NASDAQ:PCMI), ABM Industries Incorporated...
Mar 29, 2018 06:00 am ET
Carvana Debuts Newest Car Vending Machine in Tampa
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, has launched its newest Car Vending Machine in Tampa, Florida. The fully automated, coin-operated Car Vending Machine is eight stories high and holds up to 32 vehicles, giving customers a unique and memorable pickup experience for cars they have purchased online. Th
Mar 27, 2018 08:00 am ET
Carvana Shows Colorado the New Way to Buy a Car with Denver Market Launch
Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, launched free delivery services in Denver today, giving area car buyers wider selection, considerable savings and a superior experience compared to traditional dealerships. Customers can shop more than 10,000 company-owned vehicles on
Mar 07, 2018 09:00 am ET
Carvana Launches in San Diego, Expanding West Coast Presence with Third California Market
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, has launched in San Diego, giving residents a new way to buy a car. In less time than it takes to cross the Coronado bridge during rush hour, customers can shop more than 10,000 company-owned vehicles on Carvana.com, finance, purchase, schedule as-soon-as-next-day ve
Mar 06, 2018 04:05 pm ET
Carvana Announces Fourth Quarter and Full Year 2017 Financial Results
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced financial results for its fourth quarter ended Dec. 31, 2017. Carvana’s complete fourth quarter 2017 financial results and management commentary can be found by accessing the Company’s shareholder letter at:
Mar 01, 2018 08:15 am ET
Carvana to Attend Upcoming Investor Conference
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced that senior management will address the investment community at the following conference:
Feb 28, 2018 06:00 am ET
Carvana Brings Convenience and Transparency to Car Buying in the Northeast with Four New Market Launches
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, is expanding its presence on the eastern seaboard faster than you can say, “Nor’easter.” With the ability to shop more than 10,000 company-owned vehicles on Carvana.com, finance, purchase and even trade in their existing vehicle in as little as 10 minutes, customers
Feb 21, 2018 07:00 am ET
Carvana Shakes Up Car Buying in the Southeast, Bringing Carvana Curbside to Birmingham
Carvana (NYSE: CVNA) has eliminated endless hours haggling at the dealership and replaced it with a seamless online experience where customers can purchase a car in as little as 10 minutes on Carvana.com. Known for its fully automated, coin-operated Car Vending Machines, Carvana is shaking things up again, opening the Birmingham, Ala., lo
Feb 07, 2018 06:00 am ET
Carvana Brings the New Way to Buy a Car to the Historical Streets of Charleston, South Carolina
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, is bringing a new way to buy a car to the oldest and largest city in South Carolina: Charleston. By visiting Carvana.com Charleston area residents can shop more than 10,000 vehicles, finance, purchase and even trade in their current vehicle in as little as 10 minutes
Jan 31, 2018 08:10 am ET
Investor Expectations to Drive Momentum within Eagle Bulk Shipping, Jones Lang LaSalle, Gladstone Land, Carvana, Atlantic Coast Financial, and Universal — Discovering Underlying Factors of Influence
NEW YORK, Jan. 31, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Eagle Bulk Shipping Inc. (NASDAQ:EGLE), Jones...
Jan 31, 2018 06:00 am ET
Carvana Drives into the Piedmont Triad, Expands North Carolina Presence
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, doubled its market presence in North Carolina today, bringing a new way to buy a car to the Piedmont Triad. By visiting Carvana.com from the comfort of home, or on the go via tablet or mobile phone, Greensboro, Winston-Salem and area residents in High Point can now s
Jan 30, 2018 08:15 am ET
Carvana to Report Fourth Quarter and Fiscal Year 2017 Results and Host Quarterly Conference Call on March 6
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced it will report its fourth quarter and fiscal year 2017 financial results for the period ended Dec. 31, 2017, following the close of market on Tuesday, March 6, 2018. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to review and discuss the company's business and results.
Jan 24, 2018 07:00 am ET
Carvana Launches New Year and New Way to Buy a Car in Kansas City
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, is revved up and running in Kansas City, today launching free vehicle delivery in the market. Customers in the KC metro area can now visit Carvana.com and browse through more than 9,000 vehicles, finance, purchase and even trade in their current vehicle in as little
Dec 28, 2017 07:00 am ET
Carvana Brings Corpus Christi the New Way to Buy a Car
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, has grown its Texas presence to five markets, today launching in Corpus Christi with free, as-soon-as-next-day vehicle delivery. Corpus Christi area residents can now shop more than 9,000 vehicles on Carvana.com, finance, purchase, trade in a car and schedule free ve
Dec 21, 2017 04:15 pm ET
Carvana to Attend Upcoming Auto Industry Conference
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars boasting a national inventory of more than 9,500 vehicles, today announced that senior management will address the investment community at the following conference:
Dec 20, 2017 06:00 am ET
Carvana Grows East Coast Presence with New Jersey Market Launch
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, announced its expansion into Newark today, bringing a new way to buy a car to The Garden State. By visiting Carvana.com, Newark area residents can shop more than 9,000 vehicles, finance, purchase and even trade their current car, in as little as 10 minutes, now with
Dec 13, 2017 06:00 am ET
Carvana Launches Fifth Florida Market, Bringing Fort Myers the New Way to Buy a Car
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars boasting a national inventory of more than 8,500 vehicles, launched in Fort Myers, Fla., today. This expands Carvana’s free, as-soon-as-next-day vehicle delivery to five markets in the state, joining Jacksonville, Miami, Orlando and Tampa. Fort Myers and Naples area r
Dec 06, 2017 08:00 am ET
Carvana Launches its Second Arizona Market with Free, As-Soon-As-Next-Day Delivery to Tucson
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced its expansion into Tucson, the company’s second market in Arizona. Area residents can shop more than 8,000 vehicles, finance, purchase and even trade in an old car in as little as 10 minutes from the comfort of home or on the go from their mobile devi
Dec 04, 2017 08:30 am ET
Carvana Announces Private Placement of Class A Convertible Preferred Stock
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced it has entered into an agreement to raise $100 million of Class A Convertible Preferred Stock in a private placement with Dundon Capital Partners, an investment fund founded by automotive industry veteran Tom Dundon. Carvana intends to use the proceeds to drive growth, including expanding its offering to more customers across the country.
Nov 28, 2017 06:00 am ET
Carvana Hires Vice President of Investor Relations
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced it has hired Michael Levin as the company’s Vice President of Investor Relations. Most recently a Vice President at Deutsche Bank Securities, Levin comes with a decade of experience covering the automotive and retail industries, including companies li
Nov 15, 2017 09:00 am ET
Carvana Launches its 40th Market, Expanding California Reach to Bakersfield
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced it’s bringing the new way to buy a car to a second California market: Bakersfield. Customers can shop for more than 7,000 vehicles, finance, purchase and even trade in an old car, all from the convenience of their home, in as little as 10 minutes. And
Nov 07, 2017 04:10 pm ET
Ally Increases Financing of Retail Contracts for Carvana to $2 Billion
DETROIT, Nov. 7, 2017 /PRNewswire/ -- Ally Financial today announced an agreement to increase financing commitments for retail contracts from Carvana, a leading eCommerce platform for buying used cars, to up to $2 billion over the next 12 months. Under the agreement, Ally will make the funding available to Carvana for financing and bulk purchases of contracts. The agreement increases Ally's original $600 million commitment by an additional $1.4 billion. ...
Nov 07, 2017 04:05 pm ET
Carvana Announces Third Quarter 2017 Financial Results
Carvana Co. (NYSE:CVNA), a leading eCommerce platform for buying used cars, today announced financial results for its third quarter ended Sept. 30, 2017. Carvana’s complete third quarter 2017 financial results and management commentary can be found by accessing the Company’s shareholder letter at:
Oct 27, 2017 08:15 am ET
Carvana to Attend Upcoming Investor Conferences
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced that senior management will address the investment community at the following investor conferences:
Oct 25, 2017 09:00 am ET
Carvana Deals Las Vegas a New Way to Buy a Car
Today Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, launched its Las Vegas market, providing residents with free, as-soon-as-next-day vehicle delivery and an easy, intuitive purchase process that can be done completely online in as little as 10 minutes. Through Carvana.com, customers can browse more than 7,000 v
Oct 17, 2017 08:00 am ET
Carvana to Report Third Quarter 2017 Results and Host Quarterly Conference Call on Nov. 7
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced it will report its third quarter 2017 financial results for the period ended Sept. 30, 2017, following the close of market on Tuesday, Nov. 7, 2017. On that day, management will hold a conference call and webcast at 3 p.m. MT (2 p.m. PT, 5 p.m. ET) to review and discuss the company's business and results.
Oct 11, 2017 08:00 am ET
Carvana Continues Southwest Expansion with Albuquerque Market Launch
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, is adding more charm to the Enchantment State by bringing Albuquerque residents a new way to buy a car – completely online, in as little as 10 minutes. From shopping the 7,000 vehicles available on Carvana.com, to financing, to purchase, to even trading in an old car
Oct 04, 2017 06:00 am ET
Carvana’s Newest Car Vending Machine Debuts in Florida
Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, has launched its newest Car Vending Machine in Jacksonville, Fla. Standing an impressive eight stories tall, the fully automated, coin-operated Car Vending Machine holds up to 30 vehicles and gives customers a unique and memorable pickup experience for cars they have
Aug 21, 2017 11:10 am ET
SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Carvana Co. (CVNA)
NEW YORK, Aug. 21, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Carvana Co. ("Carvana" or the "Company") (NYSE: CVNA). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cvna. ...