Carvana Acquires Dealership in Arizona to Enter New-Vehicle Market [Yahoo! Finance]
Carvana Co. Class A (CVNA)
Last carvana co. class a earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
This move marks a potential shift into new-vehicle sales for the online retailer, which has exclusively sold used cars since its launch in 2013. The company purchased Jerry Seiner Chrysler-Dodge-Jeep-Ram in Casa Grande, AZ, which is around 45 miles south of its Tempe headquarters. While the purchase price remains undisclosed, the dealership will be renamed Casa Grande Chrysler-Dodge-Jeep-Ram and is scheduled to reopen under Carvana's ownership on March 3, 2025. It will retain all 41 employees. This acquisition represents a strategic shift from Carvana's usual business model, hinting at a possible expansion into new car sales. In recent years, the company has faced financial and operational hurdles amid fluctuations in the auto industry and a volatile used-car market. The move draws comparisons to CarMax, the largest used-car retailer in the United States, which once operated new-car franchises. CarMax entered new-car sales in the mid-1990s with a Chrysler franchise, disrupting tra
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News
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- Carvana (NYSE:CVNA) had its "buy" rating reaffirmed by analysts at BTIG Research. They now have a $450.00 price target on the stock.MarketBeat
- Carvana and Jimmie Johnson Unveil 2026 Daytona 500 Paint Scheme [Yahoo! Finance]Yahoo! Finance
CVNA
Earnings
- 10/29/25 - Miss
CVNA
Sec Filings
- 12/12/25 - Form 4
- 12/12/25 - Form 4
- 12/12/25 - Form 4
- CVNA's page on the SEC website