Carvana bets on $2.2B ADESA U.S. acquisition to expand its reach, cut shipping times
Online used-vehicle retailer Carvana, pressed in recent months to expand its vehicle reconditioning capacity, said Thursday it plans to buy the ADESA U.S. physical wholesale auction business from KAR Global Inc. for $2.2 billion in cash. The transaction would give Carvana exclusive use of the ADESA.com marketplace in the U.S., plus all auction sales, operations […]
Carvana bets on $2.2B ADESA U.S. acquisition to expand its reach, cut shipping times Read More »