Carvana and Jimmie Johnson Fuel Automotive Education with Equipment and Vehicle Donation

Rhea-AI Summary

Carvana (NYSE: CVNA) and racing legend Jimmie Johnson are collaborating to support automotive education at Arsenal Technical High School in Indianapolis. The partnership includes:

1. Donating equipment and funds to the school's automotive program
2. Providing students with a meet-and-greet opportunity with Johnson at the Brickyard 400 race
3. Gifting a new vehicle lift, tools, and supplies to enhance the learning environment
4. Donating a project vehicle from Carvana's wholesale inventory for students to repair

This initiative aims to encourage educational growth and career development in the automotive industry. Carvana Racing has been partnering with Jimmie Johnson since 2021, and this collaboration extends their commitment to supporting the next generation of automotive professionals.

Positive

• Partnership with racing legend Jimmie Johnson enhances Carvana's brand visibility
• Donation of equipment and vehicle to local technical school supports community engagement
• Initiative aligns with Carvana's commitment to developing automotive professionals

Negative

• None.

Students of Local Technical School to Meet Racing Legend at Brickyard 400

INDIANAPOLIS--(BUSINESS WIRE)-- Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, is excited to announce a unique collaboration with racing legend Jimmie Johnson to celebrate and support automotive education. As part of this partnership, Carvana and Jimmie Johnson will donate equipment and funds to the Arsenal Technical High School, a member of Indianapolis Public Schools (IPS), in conjunction with Johnson’s highly anticipated Brickyard 400 race.

Students from Arsenal Tech High to receive donation, Jimmie Johnson meet and greet (Photo: Business Wire)

“We are incredibly excited to partner with Jimmie Johnson in supporting automotive education in the Indianapolis area as we gear up for the Brickyard 400,” said Ryan Keeton, Carvana Co-Founder and Chief Brand Officer. “An automotive education is a powerful launching pad to a fun and rewarding career. Carvana has always invested in developing the next generation of automotive professionals through internal training programs, and with this collaboration, we’re excited to extend our support to local technical school students at the outset of their careers.”

Students from Arsenal Technical High School’s automotive program will meet Jimmie Johnson at the upcoming Brickyard 400 race and get to witness the excitement up close from a luxury suite. During the event, Carvana and Johnson will present the school with a donation that will be put toward a new vehicle lift, tools and other supplies to enhance the overall learning environment. Carvana will also donate a project vehicle from its wholesale inventory that the students can repair as a submission for a World of Wheels show next year.

“Carvana's generous donation of a new lift and project car to our Automotive Services program at Arsenal Technical High School is a wonderful addition that will significantly enhance our students' hands-on learning experience,” said Jennifer Berry, CTE Pathway Director of Indianapolis Public Schools. “This contribution will not only provide our students with state-of-the-art tools and resources but also inspire them to pursue successful careers in the automotive industry. We are deeply grateful to Carvana for their support and commitment to the future of our students.”

Carvana Racing has partnered with Jimmie Johnson since 2021. With this donation, both are proud to encourage educational growth and career development for students pursuing automotive careers.

About Carvana

Carvana’s mission is to change the way people buy and sell cars. Over the past decade, Carvana has revolutionized automotive retail and delighted millions of customers with an offering that is fun, fast, and fair. With Carvana, customers can choose from tens of thousands of vehicles, get financing, trade-in, and complete a purchase entirely online with the convenience of home delivery or local pick up in over 300 U.S. markets. Carvana’s vertically integrated platform is powered by its passionate team, unique national infrastructure, and purpose-built technology. Carvana is a Fortune 500 company and is proud to be recognized by Forbes as one of America’s Best Employers.

For more information, please visit www.carvana.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240716838007/en/

Carvana Communications

press@carvana.com

Source: Carvana

FAQ

What is Carvana (CVNA) donating to Arsenal Technical High School?

Carvana is donating a new vehicle lift, tools, other supplies, and a project vehicle from its wholesale inventory to Arsenal Technical High School's automotive program.

How is Jimmie Johnson involved in Carvana's (CVNA) educational initiative?

Jimmie Johnson is partnering with Carvana to support automotive education, including a meet-and-greet with students at the Brickyard 400 race and presenting the donation to Arsenal Technical High School.

When did Carvana Racing (CVNA) start partnering with Jimmie Johnson?

Carvana Racing has been partnering with Jimmie Johnson since 2021.

What is the purpose of Carvana's (CVNA) donation to Arsenal Technical High School?

The purpose is to enhance the learning environment, provide hands-on experience for students, and encourage educational growth and career development in the automotive industry.