The Amazon of auto retail: Morgan Stanley's Jonas upgrades Carvana to Overweight
Calling it the potential “Amazon of auto retail” with a huge share of the U.S. used-car market still untapped, Morgan Stanley ...
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Carvana targets 33% FY 2024 retail units growth with expanded ADESA capacity
He emphasized the integration of six ADESA mega-sites, adding capacity for 3 million retail units, and outlined plans to open 10 additional mega-sites in 2025. Garcia described Carvana's customer ...
Auto Remarketing25d
3 years after expanding to auto auctions, Carvana adds franchise dealership
In late February 2022, Carvana got into the brick-and-mortar auto auction business by announcing it would acquire the U.S. business of ADESA. To close February 2025, Carvana made a move into the ...
International Financing Review2y
Carvana to issue new HY bond for Adesa acquisition
Online used car retailer Carvana is expected to hit the high-yield bond market next week to help finance its US$2.2bn acquisition of auto auction house Adesa. Carvana is planning to raise US$2.275bn ...