Carvana comes to the Pacific Northwest May 09 2021
The company provides a new way for buying and selling cars with home deliveries and pick ups.
Carvana, the leading e-commerce platform for buying and selling used cars, has come to the Pacific Northwest with as-soon-as-next-day touchless home delivery to Portland area residents.
Founded in 2012 and based in Phoenix, Carvana s mission is to change the way people buy and sell cars. Customers can shop through an inventory of more than 30,000 used cars for sale, secure auto financing, trade in, and schedule as-soon-as-next-day vehicle delivery in as little as five minutes. Customers can also sell their current vehicle to Carvana and receive a real offer in minutes, whether or not they are purchasing a vehicle.
Carvana s car vending machine in Novi, Mich., just outside of Detroit.
With half the available inventory versus a year ago, Carvana was still able to grow unit sales by double digits in the first quarter.
The online used-vehicle retailer doubled its revenue for the period, while reporting another loss, albeit a narrower one.
The company narrowed its net loss to $82 million for the period, compared with a loss of $184 million in the first quarter of 2020.
Revenue doubled to $2.25 billion. Gross profit more than doubled to $338 million.
Carvana has been dealing with sale-ready inventory constraints since the onset of the coronavirus pandemic. The company s average available inventory for sale was down 27 percent on average in the first quarter, when compared with the fourth quarter of 2020, the company said in a letter to investors Thursday.
Operator
Good afternoon, and welcome to the Carvana First Quarter 2021 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Mike Levin, Vice President, Investor Relations. Please go ahead.
Michael Levin
Vice President of Investor Relations
Thank you, Gary. Good afternoon, ladies and gentlemen, and thank you for joining us on Carvana s First Quarter 2021 Earnings Conference Call. Please note that this call will be simultaneously webcast on the Investor Relations section of the company s corporate website at investors.carvana.com. The first quarter shareholder letter is also posted on the IR website. Joining me on the call today are Ernie Garcia, Chief Executive Officer; and Mark Jenkins, Chief Financial Officer. Before we start, I would like to remind you that the following discussion contains forward-looking statements within the meaning of the federal securities laws, including, but not limited to, Carvana s market opportunities an
The claim: Bill Gates purchased the messaging app Telegram
When it comes to being the target of viral misinformation, Bill Gates is a frequent flyer.
Now, social media users have falsely claimed Gates purchased Telegram, a popular messaging app among far-right extremists, to accuse Gates of censorship.
“Bill Gates has just purchased the Telegram app in order to retain control of what information people can share, think and research,” reads an image posted to Facebook on April 6.
The image appears to be a screenshot of another Facebook post, although the original poster’s name and the post date are obstructed. The post also includes an image of a Fox News report with correspondent Trace Gallagher and an altered chyron that reads “600 MILLION DOLLARS DEAL BILL GATES BUYS TELEGRAM.”
Carvana online used car dealer begins service in Houma-Thibodaux
The Courier and Daily Comet
Carvana, an online platform for buying and selling used cars, is now offering as-soon-as-next-day touchless home delivery to Houma-Thibodaux area residents.
Customers can shop more than 30,000 used cars for sale, secure auto financing, purchase, trade in and schedule as-soon-as-next-day vehicle delivery in as little as five minutes. Customers can also sell their current vehicle to Carvana and receive a real offer just as quickly, without purchasing a vehicle.
“We made our debut in Louisiana earlier this year and are pleased we can continue growing our presence in the Pelican state,” Ernie Garcia, founder and CEO of Carvana, said in a news release.