Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Carvana launches same day delivery in San Antonio

Published Feb 12, 2024 07:49AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
CVNA
+9.32%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

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
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email