Luke Ramseth of The Detroit News reports Carvana’s seven recently acquired Stellantis dealerships have sold new vehicles to customers in 37 states. +
Multiple sources report Carvana has acquired Avon Lake (Ohio) Chrysler Dodge Jeep Ram from Elliot Schor and Scott Zuckerman, who owned the suburban Cleveland dealership for less than a year. +
Carvana has purchased Sacramento (Calif.) Chrysler Dodge Jeep Ram, continuing a Stellantis dealership buying spree that started nearly a year ago, likely in an attempt to secure an in-house inventory channel. +
Carvana has purchased San Diego Chrysler Dodge Jeep Ram from Sunroad Automotive Group, the dealer disruptor’s third new-car store and its first in the nation’s No. 1 auto market. +
Carvana has added Park Cities Chrysler Dodge Jeep Ram to its growing franchised dealership footprint, bringing increased access to trade-in units as well as new risks for investors. +
Carvana increased sales by 46% year-over-year in the first quarter, moving 133,898 units and generating $4.2 billion in revenue, both all-time quarterly records, following a similarly positive Q4 report. +
Carvana has acquired Jerry Seiner Chrysler Dodge Jeep Ram of Casa Grande, Ariz., marking the online retailer and dealer disruptor’s first foray into the new vehicle business. +
Carvana’s stock fell by double digits on consecutive days following glowingly positive Q4 reports. Investor’s Business Daily’s Aparna Narayanan explains how a corresponding call for funding spooked the market. +
