©Reuters.
San Antonio – Carvana Co. (NYSE: NYSE:), a leading e-commerce platform for buying and selling used cars, announced today that it has expanded its same-day vehicle delivery service to the greater San Antonio area. This service allows customers in the region to receive their purchased vehicle on the same day they order online.
Convenience has also been extended to individuals who sell cars to Carvana, with same-day pick-up options now available. Carvana's rapid delivery system is supported by a logistics network and inspection and reconditioning center in San Antonio.
Jacqueline Hearns, Carvana's senior director of market operations and expansion, highlighted the company's commitment to providing a seamless and quick car-buying experience, noting that customers value speed and convenience.
Carvana's same-day delivery service was first introduced in Arizona, then expanded to various states including Ohio, Indiana, North Carolina, Georgia, North Texas, Central Florida, Alabama, and now South Texas. is expanding to. The company aims to continue rolling out this service nationwide.
This online retailer has a large selection of quality used cars that customers can browse and purchase from the comfort of their own home. Carvana's process simplifies the traditional car buying and selling experience, with the entire transaction, including financing and trade-in, completed online.
This expansion in San Antonio is part of Carvana's overarching mission to transform the auto retail industry, delivering a user-friendly platform that has served millions of customers over the past decade .
Information in this article is based on Carvana's press release.
Investment Pro Insights
As Carvana Co. (NYSE: CVNA) continues to expand 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. yeah. Carvana has an adjusted market capitalization of approximately $8.95 billion, according to InvestingPro. Despite efforts to innovate in the auto retail industry, the company has experienced a revenue decline of nearly 23% over the past 12 months as of Q3 2023, reflecting potential challenges in the market. .
InvestingPro Tips highlights that analysts expect sales to decline this fiscal year and do not expect the company to become profitable within this period. Additionally, Carvana's stock price is known for its high volatility, which may be a consideration for investors with low risk tolerance. On the positive side, Carvana's current assets exceed its short-term debt, giving it some financial stability.
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