Articles from Carvana Co.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, will host institutional investors and analysts for a tour of its Haines City, Florida Inspection and Reconditioning Center on Thursday, March 6, 2025. Senior leadership from Carvana’s Inventory and Fulfillment teams will share an overview of the facility’s operations and answer questions.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2024 financial results for the period ended December 31, 2024, after the market closes on Wednesday, February 19, 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.

Carvana Co. (NYSECVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite’ integration in Atlanta. With this transition, Carvana will establish Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Atlanta wholesale auction site while maintaining all digital and in-lane auction operations. The integrated site will support Carvana’s continued growth by building overall production capacity and will also enhance the company’s offering for local retail and wholesale customers.

Carvana Co. (NYSECVNA), an industry leader for buying and selling used cars online, has unveiled its top-selling vehicles of 2024. This year’s rankings highlight evolving customer preferences, with an electric vehicle, the Tesla Model 3, claiming the top spot. SUVs also dominate the 2024 list, demonstrating their enduring appeal among families and adventurers alike.

Carvana Co. (NYSECVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite’ integration in Boston. With this transition, Carvana will establish Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Boston wholesale auction site while maintaining all digital and in-lane auction operations. This location will anchor the growth of Carvana’s retail and wholesale operations in the area and enhance the company’s offering for both retail and wholesale customers.

Carvana Co. (NYSECVNA), the leading e-commerce platform 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 conference.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its third quarter 2024 financial results for the period ended September 30, 2024, after the market closes on Wednesday, October 30, 2024. 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.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that Ernie Garcia, Carvana’s Founder and Chief Executive Officer, will present to the investor community and host meetings at the upcoming J.P. Morgan Automotive Conference.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2024 financial results for the period ended June 30, 2024, after the market closes on Wednesday, July 31, 2024. 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.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, presented today at the William Blair 44th Annual Growth Stock Conference, sharing progress and updates, including:

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that Ernie Garcia, Carvana’s Founder and Chief Executive Officer, will present to the investor community and host meetings at the upcoming William Blair Growth Stock Conference.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2024. Carvana’s complete first quarter 2024 financial results and management commentary can be found by accessing the company’s shareholder letter on the quarterly results page of its Investor Relations website.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that Ernie Garcia, Carvana’s Founder and Chief Executive Officer, will present to the investor community and host meetings at the upcoming Morgan Stanley Technology, Media & Telecom Conference.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter and full year ended December 31, 2023. Carvana’s complete fourth quarter 2023 and full year 2023 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the Investor Relations website.

Chicago Fire FC and Carvana, an industry pioneer for buying and selling used vehicles online, today announced a multi-year agreement exclusively naming Carvana the Official Online Auto Retailer and the Presenting Partner of Chicago Fire FC Regular Season. Carvana will become the Club’s Front of Kit Partner with its logo appearing across the front of Chicago Fire First Team, MLS Next Pro (Chicago Fire II), and Chicago Fire Academy home and away jerseys for all preseason, regular season, and post-season matches.

Carvana Co. (NYSECVNA) (“Carvana” or the “Company”), the leading e-commerce platform for buying and selling used cars, announces today the final results of its previously announced debt exchange offers (the “Exchange Offers”) that will provide the Company with significant financial flexibility as it continues to execute its profitability and growth plan by reducing total debt by over $1.325 billion, extending maturities and lowering near-term cash interest expense by more than $455 million each year for the next two years.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced an improved Q3 2023 outlook based on fundamental progress in key business drivers and momentum early in the quarter:

Carvana Co. (NYSECVNA) (“Carvana” or the “Company”), the leading e-commerce platform for buying and selling used cars, announced today that it is offering noteholders the option to exchange their unsecured notes and receive new secured notes that would provide exchanging noteholders with collateral while reducing Carvana’s cash interest expense and total debt and maintaining significant flexibility for the Company. As previously announced, holders of more than 90% of the Company’s unsecured notes have committed to participate in this transaction.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that senior management will present to the investor community and host meetings at the following conference.

Carvana Co., the leading e-commerce platform for buying and selling used cars, announces an improved Q2 2023 outlook based on even stronger anticipated results from its continued plan to drive profitability:

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, receives notable S&P Global Ratings upgrades and revisions of securitization loss assumptions due to capital structure de-leveraging and outperformance of S&P initial assumptions:

Carvana Co., the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended March 31, 2023. Carvana’s complete first quarter 2023 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter and full year ended December 31, 2022. Carvana’s complete fourth quarter 2022 and full year 2022 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its fourth quarter and fiscal year 2022 financial results for the period ended December 31, 2022, following the close of market on Thursday, February 23, 2023. 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.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended September 30, 2022. Carvana’s complete third quarter 2022 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended June 30, 2022. Carvana’s complete second quarter 2022 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the 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:

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that senior management will present to the investor community and host meetings at the following conference:

Carvana Co. – (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced it has priced the private placement of $3.275 billion in aggregate principal amount of its 10.2500% Senior Unsecured Notes due 2030 (the “Notes”). The Notes will be issued under an indenture to be entered into upon the closing of the offering, which Carvana anticipates will take place on or about May 6, 2022, subject to customary closing conditions. Carvana intends to use the net proceeds from the offering of the Notes to finance the proposed acquisition of the U.S. physical auction business of ADESA, Inc. (“ADESA”) from KAR Auction Services, Inc. for approximately $2.2 billion (the “ADESA U.S. Auction Acquisition”), to pay related fees and expenses, and they will also be used for working capital, capital expenditures and other general corporate purposes. The offering was upsized from the previously announced offering size of $2.275 billion. Given the increase in principal amount of Notes offered from the previously announced offering size of $2.275 billion, Carvana is no longer pursuing an offering of Series A perpetual preferred stock.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced it is planning to offer, subject to market conditions and other factors, $2.275 billion in aggregate principal amount of Senior Unsecured Notes due 2030 (the “Notes”). Carvana intends to use the net proceeds from the issuance of the Notes, together with the net proceeds from the proposed offering of $1 billion of Series A perpetual preferred stock (the “Preferred Stock Private Placement”), to finance the proposed acquisition of the U.S. physical auction business of ADESA, Inc. from KAR Auction Services, Inc. for approximately $2.2 billion (the “ADESA U.S. Auction Acquisition”), to pay related fees and expenses, and they will also be used for working capital, capital expenditures and other general corporate purposes. The consummation of the proposed private offering of the Notes is not contingent upon the closing of the proposed Preferred Stock Private Placement, and the proposed Preferred Stock Private Placement is not contingent upon the closing of the proposed private offering of the Notes.

Carvana Co. ("Carvana") (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced the upsize and pricing of its public offering of 15,625,000 shares of its Class A common stock at a price to the public of $80.00 per share. Ernest Garcia, II, along with Ernie Garcia, III, Carvana’s Chief Executive Officer, and entities controlled by one or both of them, will purchase an aggregate of 5,400,000 shares of the Company’s Class A common stock in the offering. The offering was upsized from the previously announced offering size of $1 billion of Class A common stock. The offering is expected to close on April 26, 2022, subject to customary closing conditions.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced its intention to offer, subject to market and other conditions, $1 billion of a new series of perpetual preferred stock, liquidation preference $1,000 per share (the “Series A Preferred Stock”) in a private offering only to (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and (ii) non-U.S. persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced its intention to offer, subject to market and other conditions, $1 billion of its Class A common stock in a public offering registered under the Securities Act of 1933, as amended (the “Securities Act”).

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended March 31, 2022. Carvana’s complete first quarter 2022 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the industry pioneer for buying and selling cars online, today announced that senior management will present to the investor community at the following virtual conference:

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter and year ended December 31, 2021. Carvana’s complete fourth quarter and full year 2021 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that senior management will present to the investor community and host meetings at the following virtual conference:

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended September 30, 2021. Carvana’s complete third quarter 2021 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced it has priced the private placement of $750.0 million in aggregate principal amount of its 4.875% Senior Notes due 2029 (the “Notes”). The Notes will be issued under an indenture to be entered into upon the closing of the offering, which Carvana anticipates will take place on or about August 16, 2021, subject to customary closing conditions. Carvana intends to use the net proceeds from the offering for general corporate purposes.

Carvana Co. (NYSECVNA), the leading eCommerce platform for buying and selling used cars, today announced it is planning to offer, subject to market conditions and other factors, $750.0 million in aggregate principal amount of Senior Notes due 2029 (the “notes”). Carvana intends to use the net proceeds for general corporate purposes.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended June 30, 2021. Carvana’s complete second quarter 2021 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that senior management will present to the investor community and host meetings at the following virtual conferences:

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced that senior management will present to the investor community and host meetings at the following virtual conferences:

Carvana Co. (NYSECVNA), the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended March 31, 2021. Carvana’s complete first quarter 2021 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website.