Felix Mezioznikov
Carvana (NYSE: CVNAMegasite Inc. announced Monday the development of its first auction and rehabilitation of Megasite in Kansas City.
The auto retailer said the transformation will see the creation of inspection and repair center capabilities at its existing ADESA Kansas City wholesale auction. The site, while maintaining all digital and in-house auction operations. The site is expected to further boost Carvana’s growth.CVNA) Retail and wholesale operations in the region and promote the company’s offerings to retail and commercial customers.
“As Carvana moves into its long-term phase of profitable growth, we are excited to further leverage the strength of our infrastructure by providing inspection and rehabilitation capabilities to more ADESA sites,” said Brian Boyd, senior vice president of inventory at Carvana.
The integration of Carvana Renewal (CVNA) with ADESA’s existing wholesale auction at the Kansas City megasite is intended to provide greater selection and faster delivery speeds for local retail customers, as well as improve auction offerings for local commercial customers.
Wholesale customers will continue to enjoy full on-track and online auction functionality, and are now expected to benefit from more robust on-site rehab operations.
Carvana Inc. (CVNA) shares are up 11% over the past six weeks.