Carvana Showcases Proprietary Technology and Infrastructure Supporting Efficient, Scalable Operations During Investor Tour
2024年6月28日 - 5:34AM
ビジネスワイヤ(英語)
Carvana Co. (NYSE: CVNA), the leading e-commerce platform for
buying and selling used cars, hosted institutional investors and
analysts for a tour of its Rocklin, CA Inspection and
Reconditioning Center (IRC) on Tuesday, June 25, 2024. The event
provided an in-depth look at the proprietary technology, processes
and infrastructure underlying Carvana’s reconditioning and
fulfillment operations.
Summarizing the event, J.P. Morgan wrote, "We believe CVNA’s
competitive moat continues to widen in the used car space, with
operating leaders well aligned on importance of continuous
improvement, and more importantly, long-term vision and culture,
that should bode well for the company’s performance during periods
of market volatility in the future."
During the tour, members of Carvana’s leadership team described
the facility’s operations, demonstrated the suite of tools the
company has built to support each step, and spoke to the drivers of
realized and potential efficiency gains.
"CARLI, the company’s proprietary app-based inventory management
system, underpins everything behind the scenes with apps for every
step of vehicle processing,” William Blair noted. “Given the
digitization of all processes, CARLI has materially reduced
reconditioning cost variations across sites."
This event was a follow up to a similar deep dive at the
company’s Haines City, FL IRC in November 2023, and participants
were able to see how the operations have progressed in that time
period, contributing to Carvana’s return to profitable growth.
“The company has made significant additional technology- and
process-driven improvements in reconditioning and logistics in the
past six months since our last IRC tour,” Needham noted. “We see
CVNA's software platform as an unappreciated and widening
competitive moat, set to drive continued profitable growth.”
The event also highlighted Carvana’s infrastructure and the
important role it plays in enabling the company’s aspiration to buy
and sell millions of cars per year.
“CVNA has developed plans to scale across all areas of the
operation uniformly as they grow sales. With much stronger
processes, procedures and technology, we believe that CVNA is
positioned well to support faster growth,” Wedbush continued.
For more information about Carvana’s financial results and
business progress, please visit http://investors.carvana.com.
About
Carvana’s mission is to change the way people buy and sell cars.
Over the past decade, Carvana has revolutionized automotive retail
and delighted millions of customers with an offering that is fun,
fast, and fair. With Carvana, customers can choose from tens of
thousands of vehicles, get financing, trade-in, and complete a
purchase entirely online with the convenience of home delivery or
local pick up in over 300 U.S. markets. Carvana’s vertically
integrated platform is powered by its passionate team, unique
national infrastructure, and purpose-built technology. Carvana is a
Fortune 500 company and is proud to be recognized by Forbes as one
of America’s Best Employers.
For more information, please visit www.carvana.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240627761023/en/
MEDIA: Carvana Communications press@carvana.com
INVESTORS: Carvana Investor Relations Mike McKeever
investors@carvana.com
Carvana (NYSE:CVNA)
過去 株価チャート
から 6 2024 まで 7 2024
Carvana (NYSE:CVNA)
過去 株価チャート
から 7 2023 まで 7 2024