NYSE:CVNASpecialty Retail
Carvana Expands ADESA Timed Auctions As Market Weighs Valuation And Growth
ADESA, Carvana's wholesale auction platform, has launched ADESA Timed, a new self-service digital auction product.
The product expands digital selling tools to a broader group of wholesale auto sellers.
This development marks an expansion of Carvana's B2B digital footprint beyond its core consumer facing retail platform.
Carvana (NYSE:CVNA) is adding this new capability while its stock trades at $67.82, with a very large 3 year return and a 1 year return of 6.3%. The share price is up 2.5%...