KAR Global Inc. will focus on honing and growing its slate of digital assets as it prepares to sell its massive ADESA U.S. auto auction business to online used-vehicle retailer Carvana — a move that ...

PHOENIX--(BUSINESS WIRE)-- Carvana (NYSE: CVNA), the industry pioneer for buying and selling cars online, has signed a definitive agreement to acquire ADESA’s US physical auction business (“ADESA U.S.

Proposed transaction will provide significant infrastructure and team to expand and enhance Carvana’s customer offering with a broader selection of vehicles and even faster delivery times At full ...

Carmel-based KAR Holdings Inc., the parent of Adesa Auction Services, today posted a fourth-quarter loss of $49.3 million on $396.2 million in revenue for the period ending Dec. 31. KAR’s loss widened ...

PHOENIX--(BUSINESS WIRE)-- ADESA, a leader in wholesale auto auctions and subsidiary of leading online auto retailer Carvana (NYSE: CVNA), today announced new milestones in the expansion of its ...

LAS VEGAS--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning ‘Megasite’ integration in Las ...

Carvana, the online used car marketplace, has agreed to buy Kar Global's Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well as a ...

The number of semiconductors in a modern car, from the ignition to the braking system, can exceed a thousand. As the global chip shortage drags on, car makers from General Motors to Tesla find ...

FLINT, MI -- An auto auction that’s been on Flint’s east side for more than 65 years is permanently laying off 133 employees, saying it’s the result of fallout from the coronavirus pandemic. In a ...

Carvana Co. said Tuesday it'll pay $2.2 billion for Adesa U.S., the wholesale vehicle auction unit of KAR Auction Services Inc. . The transaction includes 56 Adesa U.S. locations comprising 6.5 ...