Carvana Stock Price, News & Analysis

Carvana (NYSE: CVNA) and the Professional Pickleball Association (PPA Tour) have extended their multi-year title sponsorship agreement, building on their successful partnership that began in 2022. The Carvana PPA Tour achieved significant milestones in 2024, including attracting over 320,000 spectators to events and distributing more than $30 million in prize money to over 130 professional athletes.

Key achievements include the launch of Pickleballtv, a 24-hour pickleball network through Tennis Channel, and unique fan engagement initiatives like "Carvana's Road to the Finals" sweepstakes. The partnership will continue featuring events under the Carvana PPA Tour name while introducing enhanced fan experiences, expanded tournament coverage, and increased prize opportunities. For 2025, the tour plans more than 20 marquee tour stops with upgraded fan and amateur experiences.

Carvana (CVNA) reported exceptional Q1 2025 results, achieving record-breaking performance across multiple metrics. The company sold 133,898 retail units (+46% YoY) and generated total revenue of $4.232 billion (+38% YoY). Notable achievements include record Q1 net income of $373 million with an 8.8% margin, and record Adjusted EBITDA of $488 million with an 11.5% margin.

The company expects to set new all-time records in Q2 2025 with sequential increases in both retail units sold and Adjusted EBITDA. Looking ahead, Carvana announced an ambitious management objective to reach 3 million retail units per year at a 13.5% Adjusted EBITDA margin within 5-10 years.

ADESA, a subsidiary of Carvana, has announced significant expansion of its ADESA Clear digital wholesale auction platform. The service now operates across more than 45 locations in the ADESA and Carvana network, providing nationwide coverage for wholesale auto buyers.

Key developments include:

• Geographic expansion reaching nearly all ADESA wholesale customers
• Increased vehicle selection across the network
• Reduced average distance between buyers and inventory
• Thousands of wholesale customers already utilizing the platform

The platform, which began in select markets in late 2023 and expanded throughout 2024 and early 2025, continues to enhance its digital auction platform with new tools and features. According to Nikki Behrens, Carvana's Senior Director of Marketplaces Strategy & Analytics, this expansion represents just the beginning of their digital auction opportunity.

Carvana (NYSE: CVNA) has announced plans to integrate an auction and reconditioning 'Megasite' at its ADESA Colorado Springs location. The facility, located in Fountain, spans approximately 50 acres with over 4,000 parking spaces and will combine Inspection and Reconditioning Center (IRC) capabilities while maintaining existing wholesale auction operations.

The integration is expected to create about 100 new jobs in the area, including both entry-level and skilled positions. The expansion will increase Carvana's total reconditioning capacity, improve vehicle selection, and establish an expanded inventory pool in the Colorado Springs metropolitan area, leading to faster delivery times for local customers.

The site will leverage Carvana's proprietary CARLI software to support efficiency and consistency across its IRC network. ADESA Colorado Springs has served local wholesale auto auction customers for over 40 years, and wholesale customers will continue to have access to both in-lane and online auction functionality while benefiting from enhanced reconditioning operations.

ADESA, a subsidiary of Carvana (NYSE: CVNA), has announced the launch of ADESA Simulcast on its upgraded digital platform and mobile apps. The new integration combines ADESA's two main digital auction products in a single interface: ADESA Clear (proprietary timed online wholesale auction) and ADESA Simulcast (live stream digital auction for in-lane auctions).

The platform features include data-driven valuation tools, AI-enabled vehicle recommendations, single-click bidding, and enhanced vehicle details pages. Each listing contains comprehensive condition reports with inspection information and visual merchandising powered by Carvana technology. ADESA plans to implement additional self-service functionality to streamline post-sale processes.

Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, has announced it will release its first quarter 2025 financial results on Wednesday, May 7, 2025, after market close. The company will host a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT) to discuss the quarterly performance and business updates.

The conference call will be accessible via phone at (833) 255-2830 or (412) 902-6715. An archived version of the webcast will be available on the company's Investor Relations website, with a telephonic replay accessible until May 14, 2025, using passcode 4026601#.

Carvana (NYSE: CVNA) has announced plans to integrate an auction and reconditioning 'Megasite' in Phoenix, combining its Inspection and Reconditioning Center (IRC) capabilities with its existing ADESA Phoenix wholesale auction location. The facility, located in Chandler, AZ, spans nearly 100 acres with over 5,000 parking spaces.

The integration will create approximately 200 new jobs and maintain both digital and in-lane auction operations. The ADESA Phoenix site, which has served local wholesale auto auction customers for over 20 years, will implement Carvana's proprietary CARLI software to support efficiency across its IRC network.

This expansion will increase Carvana's total reconditioning capacity, improve vehicle selection, and establish an expanded inventory pool in the Phoenix metropolitan area. The integration aims to enable faster local delivery options, potentially offering same or next-day delivery for local buyers, while maintaining full auction functionality for wholesale customers.

Carvana (NYSE: CVNA) has announced plans to integrate an auction and reconditioning 'Megasite' in central New Jersey, combining its Inspection and Reconditioning Center (IRC) capabilities with its existing ADESA New Jersey wholesale auction location in Manville.

The 100-acre facility will maintain both digital and in-lane auction operations while expanding Carvana's production capacity. The integration is expected to create approximately 200 new jobs in Manville, including both entry-level and skilled positions.

Key benefits include:

• Faster delivery speeds for local car buyers
• Enhanced auction offerings for local commercial customers
• Increased total reconditioning capacity
• Same or next-day delivery access for local buyers