Carvana Co (CVNA) News & EventsCVNACarvana Co

Root Extends Exclusive Partnership with Carvana to 2028

Root (ROOT) announced the extension of its exclusive embedded partnership with Carvana (CVNA). In less than four years, the partnership surpassed 200,000 policies sold. Carvana Insurance Built with Root combines Carvana's customer experience with Root's data science platform. Together, the companies created an insurance purchase at the point of sale. This agreement extends the partnership to at least August 2028.

Carvana Expands Inspection and Reconditioning Center in California

Carvana announced plans to bring Inspection and Reconditioning Center capabilities to its existing ADESA Brasher's wholesale auction site in Rio Linda, Calif. The integration creates additional reconditioning capacity and a new inventory pool in Carvana's national network, supporting greater selection for retail customers nationwide, faster delivery speeds for California car buyers, and a more robust offering for local wholesale customers. Carvana has already begun hiring local team members to support this move and expects the integration to create about 100 new good-paying, skilled, and entry-level jobs in inspection, reconditioning, and vehicle fulfillment over time.

Carvana Shares Rise 0.18% to $74.08

Moderately bullish activity in Carvana (CVNA), with shares up 13c, or 0.18%, near $74.08. Options volume relatively light with 38k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 1.13. Implied volatility (IV30) is higher by 0.3 points near 55.23,in the bottom quartile of the past year, suggesting an expected daily move of $2.58. Put-call skew flattened, suggesting a modestly bullish tone.