Carvana Showcases Proprietary Technology and Infrastructure Supporting Efficient, Scalable Operations During Investor Tour [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
investors and analysts for a tour of its Rocklin, CA Inspection and Reconditioning Center (IRC) on Tuesday, June 25, 2024. The event provided an in-depth look at the proprietary technology, processes and infrastructure underlying Carvana's reconditioning and fulfillment operations. Summarizing the event, J.P. Morgan wrote, "We believe CVNA's competitive moat continues to widen in the used car space, with operating leaders well aligned on importance of continuous improvement, and more importantly, long-term vision and culture, that should bode well for the company's performance during periods of market volatility in the future." During the tour, members of Carvana's leadership team described the facility's operations, demonstrated the suite of tools the company has built to support each step, and spoke to the drivers of realized and potential efficiency gains. "CARLI, the company's proprietary app-based inventory management system, underpins everything behind the scenes with apps
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