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
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
ADESA, a leader in wholesale auto auctions and subsidiary of leading online auto retailer Carvana (NYSE: CVNA), today announced the launch of ADESA Simulcast on its upgraded digital platform and mobile apps. For many years, ADESA Simulcast has given wholesale buyers live, digital access to ADESA’s in-lane auctions across the country. With this launch, ADESA’s digital platform seamlessly integrates ADESA’s two flagship digital auction products alongside a growing range of value-added tools and features within a single, intuitive interface.
Carvana's financial health is improving due to operational changes, which has attracted more institutional investors despite changing market conditions.
Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its first quarter 2025 financial results for the period ended March 31, 2025, after the market closes on Wednesday, May 7, 2025. 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.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Booking (NASDAQ:BKNG) and its peers.
Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite’ integration in Phoenix. This effort will bring Carvana’s Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Phoenix wholesale auction location while maintaining digital and in-lane auction operations on site. The integration will expand Carvana’s overall production capacity and enhance its offerings for both retail and wholesale customers in the area.
Looking back on consumer internet stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Expedia (NASDAQ:EXPE) and its peers.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer internet industry, including Remitly (NASDAQ:RELY) and its peers.
Shares of online used car dealer Carvana (NYSE: CVNA)
fell 19.8% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how consumer internet stocks fared in Q4, starting with Coinbase (NASDAQ:COIN).
Carvana shares are down in premarket trading as the company announces plans to integrate an auction and reconditioning 'Megasite' in New Jersey to boost capacity and efficiency.
Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite’ integration in central New Jersey. This effort will bring Carvana’s Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA New Jersey wholesale auction location while maintaining digital and in-lane auction operations on site. The integrated facility will expand Carvana’s overall production capacity and enhance its offerings for both retail and wholesale customers in the area.
