Carvana has transformed a Dallas dealership into a "customer exploration and discovery" center, focusing on test drives without sales pressure. Staff support, not sales, is the emphasis, with purchases directed to the app. The unique design features interactive LED screens and unlocked cars for easy comparison.
Carvana is adapting its online used car sales model to new vehicles, utilizing its franchised Stellantis dealerships primarily as service centers and test-drive locations. Customers will still purchase vehicles online, differentiating from traditional dealership practices and potentially impacting the existing franchised dealer model.
Carvana has received a warrant to potentially invest in Slate Auto, an EV startup backed by Jeff Bezos. The deal, revealed in Delaware filings, could see Carvana acquire shares in Slate Auto around 2025, as both companies explore new business avenues.
Ryan Cohen, l'imprenditore noto per Chewy e GameStop, starebbe accumulando azioni di Carvana, la piattaforma online di auto usate valutata 46 miliardi di dollari. Il suo fondo ha 9 miliardi di dollari in liquidità pronti per un'operazione.
Carvana reported record Q1 results that exceeded Wall Street expectations, with EPS of $1.69 versus $1.43 expected and revenue of $6.43 billion versus $6.08 billion expected. The online used car retailer posted adjusted EBITDA of $672 million and net income of $405 million, up from $373 million a year earlier. Retail sales reached 187,393 units, a 40% increase year-over-year. Shares jumped as much as 10% in extended trading. The company expects sequential increases in Q2 for both retail units sold and adjusted EBITDA.
