Carvana Shares Drop 6% on Q1 EPS Miss, to Offer $1 Billion in Stock

Carvana Co. Announces Proposed Offering of Series A Preferred Stock

PHOENIX--(BUSINESS WIRE)-- Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced its intention to offer, subject to market and other conditions, $1 billion of a new series of perpetual preferred stock, liquidation preference $1,000 per share (the Series A Preferred Stock) in a private offering only to (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and (ii) non-U.S. persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.

J.P.... More

Carvana Co. Announces Proposed Offering of Class A Common Stock

 

PHOENIX--(BUSINESS WIRE)-- Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced its intention to offer, subject to market and other conditions, $1 billion of its Class A common stock in a public offering registered under the Securities Act of 1933, as amended (the Securities Act).

Ernest Garcia, II, along with Ernie Garcia, III, Carvanas Chief Executive Officer, and entities controlled by one or both of them, have indicated an interest in purchasing up to an aggregate of $432 million of the... More

Carvana Announces First Quarter 2022 Results

Retail Units Sold of 105,185, an increase of 14% YoY
Revenue of $3.497 Billion, an increase of 56% YoY
Expects to close acquisition of ADESA U.S. in May 2022

PHOENIX--(BUSINESS WIRE)-- Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars online, today announced financial results for the quarter ended March 31, 2022. Carvanas complete first quarter 2022 financial results and management commentary can be found by accessing the Companys shareholder letter on the... More