Used Car Startup Kavak to Invest $180 Million in New Global Push [Business News Network (BNN) (Canada)]
Carvana Co. Class A (CVNA)
Last carvana co. class a earnings: 2/26 04:05 pm
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Source: Business News Network
the region in Turkey as it seeks to prove it can expand its “super app” online business model across emerging markets. Currently Latin America's most valuable startup, Kavak is planing to invest $120 million in Colombia, Chile and Peru and at least $60 million in Turkey after setting up initial operations late last year, said founder and Chief Executive Officer Carlos Garcia Ottati in an interview. However, Kavak is also cutting costs across Mexico, Brazil and Argentina as the economic environment worsens, he said. “We're confident the expansion is something the company needs to do, but we're doing it conservatively,” Garcia Ottati said, speaking at the firm's Mexico City headquarters. The company's five years of experience and proven technology would allow it to become profitable more quickly in the new territories with smaller investments, he said. “We're going to get to a bigger scale, faster.” Kavak, which offers clients used cars through brick-and-mortar “hubs” and online,
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News
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at JPMorgan Chase & Co. from $65.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Carvana Co. (NYSE: CVNA) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $80.00 price target on the stock.MarketBeat
- Carvana: Hold On, Wait A Minute (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Carvana Co. (NYSE: CVNA) had its price target lowered by analysts at Evercore ISI from $78.00 to $77.00. They now have an "in-line" rating on the stock.MarketBeat
- Carvana and NRG Unveil Exclusive Giveaway: Your Chance to Win the Ultimate Dream Ride, Personally Delivered by Rocket League Icon MustyBusiness Wire
CVNA
Earnings
- 2/22/24 - Miss
CVNA
Sec Filings
- 4/15/24 - Form 4
- 4/11/24 - Form 144
- 4/3/24 - Form 4
- CVNA's page on the SEC website