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Carvana launches same day delivery in San Antonio

Published Feb 12, 2024 07:49AM ET
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SAN ANTONIO - Carvana Co. (NYSE: NYSE:CVNA), a leading e-commerce platform for buying and selling used cars, has expanded its same day vehicle delivery service to the greater San Antonio area, the company announced today. This service allows customers in the region to receive their purchased vehicles on the same day they place an order online.

The convenience also extends to individuals selling their cars to Carvana, with the option for same day drop-off now available. Carvana's rapid delivery system is supported by its logistics network and an Inspection and Reconditioning Center located in San Antonio.

Jacqueline Hearns, Carvana's Senior Director of Market Operations and Expansion, highlighted the company's commitment to providing a seamless and expedited car buying experience, noting the value customers place on speed and convenience.

Carvana's same day delivery service was initially introduced in Arizona and has since expanded to various states including Ohio, Indiana, North Carolina, Georgia, North Texas, Central Florida, Alabama, and now South Texas. The company aims to continue broadening this service across its nationwide footprint.

The online retailer boasts a large selection of high-quality pre-owned vehicles, which customers can browse and purchase from home. Carvana's process simplifies the traditional car buying and selling experience, with the entire transaction completed online, including financing and trade-ins.

This expansion in San Antonio is part of Carvana's overarching mission to transform the automotive retail industry, providing a user-friendly platform that has served millions of customers over the past decade.

The information for this article is based on a press release statement from Carvana.

InvestingPro Insights

As Carvana Co. (NYSE: CVNA) continues its expansion to offer same-day vehicle delivery in San Antonio, current and prospective investors may be interested in the latest financial metrics and market performance data. According to InvestingPro, Carvana has an adjusted market capitalization of approximately $8.95 billion. Despite its efforts to innovate in the automotive retail industry, the company has experienced a revenue decline of nearly 23% over the last twelve months as of Q3 2023, reflecting potential challenges in the market.

InvestingPro Tips highlight that analysts are anticipating a sales decline in the current year and do not expect the company to be profitable within this period. Furthermore, Carvana's stock price is known for its high volatility, which could be a consideration for investors with a lower risk tolerance. On the positive side, Carvana's liquid assets exceed its short-term obligations, providing some financial stability.

For those interested in a deeper analysis, InvestingPro offers additional tips on Carvana, which can be accessed through a subscription. With the New Year sale, subscriptions are now available at up to a 50% discount. Use coupon code SFY24 to get an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 to get an additional 10% off a 1-year InvestingPro+ subscription. This could be an opportune moment to gain comprehensive insights into Carvana's performance and potential investment opportunities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Carvana launches same day delivery in San Antonio

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