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Carvana Acquires Adesa U.S.’S Physical Auction Business

Carvana Acquires Adesa U.S.’S Physical Auction Business

05/10/22, 10:32 AM
Industry
transportation
professional services
media and entertainment
information technology
Carvana (NYSE: CVNA), the leading e-commerce brand for buying and selling used cars, announces the $2.2B acquisition of ADESA’s U.S. physical auction business (“ADESA U.S.”) from KAR Global (NYSE: KAR), consisting of 56 ADESA U.S. locations totaling approximately 6.5 million square feet of buildings on more than 4,000 acres.

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Carvana (NYSE
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CVNA)