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-0.00137555022008806 -0.00177571028411374 -0.00380152060824339 -0.00580232092837147 -0.0037515006002401 0.00940376150460182 0.0459183673469387 0.0422418967587034
Stock impact report

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 Check Earnings Report
US:NYSE Investor Relations: investors.carvana.com
Company Research 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 Show less Read more
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