▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

Carvana Showcases Proprietary Technology and Infrastructure Supporting Efficient, Scalable Operations During Investor Tour

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 Cent...

Business Wire

PHOENIX: 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.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Roblox to Report Second Quarter 2025 Financial Results on July 31, 2025

Roblox Corporation (NYSE: RBLX) today announced that it will report the company’s second quarter 2025 financial results before the opening of the U.S.…

NiCE Unveils 2025 International CX Excellence Award Winners, Spotlighting…

#AI--NiCE (Nasdaq: NICE) today announced the winners of its 2025 International CX Excellence Awards, honoring organizations from across EMEA and APAC…

LambdaTest Announces Deeper Collaboration with Appium as Strategic Partnership

#AI--LambdaTest, a unified agentic AI and cloud engineering platform, has announced it has become a strategic sponsor of Appium, the world’s most widely…

ReSource Pro Makes Strategic Acquisition of Propellint; Expands Technology…

ReSource Pro today announced it has acquired Propellint, a technology services firm specializing in implementation and support for insurance platforms…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!