Carvana Co. Class A Stock News

MINNEAPOLIS--(BUSINESS WIRE)--Carvana (NYSE: CVNA), the industry pioneer for buying and selling cars online, today announced the expansion of same-day vehicle delivery for customers in the greater Minneapolis area. Select local customers can now receive their vehicle as soon as the same day they place an order on Carvana.com. With this launch, local customers interested in selling their vehicle...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Carvana (NYSE: CVNA), the industry pioneer for buying and selling cars online, today announced plans to bring Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Charlotte wholesale auction site. The integration creates additional reconditioning capacity and a new inventory pool in Carvana's national network that supports greater selec...

Wall Street is waiting for Friday's CPI report, which could determine whether the Federal Reserve raises interest rates next week. August CPI is expected to rise 0.4% from July and 3.4% from a year earlier, while core inflation is forecast at 0.2% monthly and 2.4% annually.

SACRAMENTO, Calif.--(BUSINESS WIRE)--Carvana (NYSE: CVNA), the industry pioneer for buying and selling cars online, today announced plans to bring Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Brasher's wholesale auction site in Rio Linda, Calif. The integration creates additional reconditioning capacity and a new inventory pool in Carvana's national network, sup...

Carvana shares climbed as much as 9.3% Wednesday (Aug. 19), after dropping 14% over the previous two days, when a report said billionaire Mark Walter wouldn't be able to immediately sell his stake in the online car retailer, Bloomberg reported Wednesday.

The scrutiny raised questions about what could happen to Walter's Carvana position if fallout from the investigation pressures him to raise cash.

PHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling cars, today announced the successful upsize and pricing of a Senior Secured Term Loan B Facility in an aggregate principal amount of $1.66 billion (the “Term Loan B”). The company intends to use proceeds from the Term Loan B, together with cash on hand, to redeem in full the Company's 9.00% Se...

Carvana Co. (NYSE:CVNA) shares fell nearly 12% on Thursday morning despite the company reporting record second-quarter profits, as investors weighed a disappointing full-year earnings outlook against another quarter of outsized growth. The online used-car retailer posted record net income of $513 million, up $205 million from a year earlier, while adjusted EBITDA rose $168 million year-over-yea...