Business
Carvana new sales strategy turns dealership into ‘playground’
Carvana’s new vehicle franchise for Stellantis includes personalised displays and a vehicle “playground” for consumers for each of its core U.S. brands.
Courtesy Carvana
DALLAS — Carvana is aiming to bring its online strategy for selling used vehicles to sales of new cars and trucks.
But don’t expect the company to actually sell you a vehicle at one of its seven Stellantis franchised dealerships.
Instead, the online vehicle retailer said it intends to use such franchised dealerships as service locations, test drive centers and potentially “playgrounds” for consumers to decide what vehicle they would like to buy through Carvana’s online platforms, marking a stark contrast from how traditional franchised dealers handle new products.
“Every single car that we sell, whether it’s used or new, is online,” Tom Taira, Carvana president of special projects who’s leading the new vehicle operations, told CNBC during an interview at its franchise in Texas. “That’s a very inherent difference. Even coming into the store, you’re buying it online, and that’s a big difference in how people think about it.”
Through its used vehicles sales, Carvana has become the most valuable auto retailer in the U.S. with a more than $70 billion market cap. Carvana’s target with the new vehicle business is to grow its market share and customer base as well as assist used vehicle sales through trade-ins and other means, according to Taira.
If the company is successful, the strategy could cause a ripple effect across the U.S. franchised dealership model, which the National Automobile Dealers Association reports includes 16,990 retailers that topped $1.3 trillion in sales last year.
This week marks the first time Carvana has publicly talked about its plans for new vehicles since it purchased its first Chrysler-Dodge-Jeep-Ram franchised store for Stellantis early last year in Arizona. Its network has since grown to other Carvana-popular markets in Sacramento and San Diego, California; Dallas; Atlanta; Cleveland; and Boston.
“When we got into new cars, we said the only way we’re going to make this happen is to ensure that it goes the Carvana way. That we actually sell cars exactly the same way that we do to used car customers,” Taira said during a media event at its Dallas location. “Why break something that already works?”
Customers visiting Carvana’s franchised dealership in Texas are encouraged to use their smartphones and QR codes to navigate the location and new car buying process for the online vehicle retailer.
Courtesy Carvana
Carvana spent roughly $171 million on its acquisitions of new Stellantis vehicle franchised dealerships, excluding its most recent purchase of a retailer in Ohio, according to public filings. The company declined to disclose any further investments in the stores to implement its strategy.
Taira and the company also declined to disclose Carvana’s new vehicle sales so far or its future expansion plans for additional brands or other Stellantis dealerships. CNBC previously confirmed that the company has quickly grown its new vehicle sales, including a location in Arizona becoming the top-selling dealer in the country for Stellantis.
“We believe that this was worth it to us, as long as we could go out and increase share and increase the pie,” Taira said. He declined to comment on whether the new vehicle business is profitable.
To be able to integrate its new vehicle sales into its current website, as first reported by CNBC, Carvana was approved as a certified website provider for Stellantis instead of utilizing mandated third-party companies. Several franchised dealers said they believed that was a unique benefit for Carvana.
Stellantis, in an statement to CNBC, said Carvana operates as a “corporate owner” of its brands, similarly to other large publicly traded companies such as Lithia and AutoNation.
“We apply the same consistent standards and criteria to all dealer partners, and any organization that meets our qualifications is eligible to operate as a franchisee,” the automaker said, adding that Stellantis “certifies tools and services that will enhance our program and be beneficial to our network. All certified providers must complete a rigorous onboarding process and meet program standards and requirement.”
Test drives, vehicle ‘playground’
Carvana has replaced a traditional franchised dealer’s vehicle lot at a facility in Dallas with a “playground” with each Stellantis brand having a theme, including. Chrysler minivans having a soccer net.
Michael Wayland / CNBC
Carvana is using a location in Dallas as a test center for its foray into new vehicle sales. The facility looks like a traditional Stellantis dealership from the outside, but the consumer process for purchasing a vehicle and the responsibilities of its employees are unprecedented.
Couches and chairs replace cubicles and sales offices. There are no finance and insurance departments, and instead of an army of commission-based employees, the facility has associates that are paid hourly to assist customers — if they want the help.
The experience is meant to be as self-guided as a customer wants. By scanning QR codes located on 10-foot-by-10-foot screens inside the building or on vehicles and displays outside, shoppers can customize a vehicle, learn about a product’s features and conduct test drives before deciding whether to purchase anything. If they do decide to buy something, it’s online and not originated from a sales person, the company said.
The “playground” has roughly 50 vehicles divided by brand, with each having a theme. Jeep has an off-road display. Dodge has race tracks, including a Carvana-themed Charger pace car and part of a traditional track fence barrier. Chrysler minivans, meanwhile, have a soccer net and Ram’s area is truck-centric.
Customers visiting Carvana’s franchised dealership in Texas are encouraged to use their smartphones and QR codes to navigate the location and new car buying process for the online vehicle retailer.
Courtesy Carvana
Carvana is not committing to expanding the exact experience to its other franchised dealer locations, but Taira told CNBC that the overall process of online sales, vehicle testing and service are expected to be consistent throughout the locations.
“I think the business case and the case for additional stores comes out through this location first,” he told CNBC, adding that it built out the store in weeks. “Is it important for us to launch a second? No, I think what’s important is that we get this right. … There’s no giant plan to build test drive centers everywhere.”
Vehicle inventory constraints
Once a customer decides to test drive or even purchases a vehicle from the location, that’s where the process can get more complex, depending on what model a consumer wants.
Taira said the company chose to purchase Stellantis dealerships for the automaker’s breadth of brands as well as its variety of products, which can be a double-edged sword when it comes to consumers actually finding the exact vehicle they want to test drive or purchase.
Unlike a traditional dealership that stockpiles vehicles for customers to test drive before purchasing, at the Texas facility, Carvana has roughly 50 display cars on its “playground,” with twin vehicles for test drives. It had roughly 3,000 new vehicles for sale nationwide compared to more than 60,000 used models as of Wednesday morning, according to its website.
This means that a customer may not be able to test drive the exact vehicle or even model they’re purchasing, but the online process tries to match the best test drive vehicle possible with what they want. It also describes what’s the same and what’s different.
Carvana’s stock over five years.
Looking at the Texas location’s system for vehicles such as an $87,000 Ram 1500 RHO performance model, the closest thing on-site for a test drive was a roughly $61,000 Ram 1500 Big Horn with the same interior and four-door configuration but no other feature matches, including its performance engine.
It’s why traditional automotive dealers have large vehicle inventories, especially for pickup trucks that have a litany of build options and wide bandwidth of performance specs.
Taira said Carvana is continuing to take lessons learned from its year-plus experience of selling new vehicles into its day-to-day operations. He said the company is learning what vehicles to keep in stock and is working to ensure customers know they are buying a new vehicle rather than a used one.
“We’re going through all this technology. This is brand new,” Taira said. “All these things are active, meaning the amount of progression we’re going to make over the course of the next days to weeks to months.”
Taira said the company prioritizes new vehicle sales to local customers, much like it does for used vehicles, to avoid additional costs, but it does use its nationwide logistics network and more than 100 U.S. Carvana locations when necessary.
Carvana will service vehicles
A major question of Stellantis franchised dealers and Wall Street analysts before Carvana revealed its new vehicle plans was how the company planned to service the new products it sells.
Taira said the company, for the time being, will operationally run its service departments like a traditional franchised dealer, but with its guiding strategy of transparent, non-haggling pricing and “hassle-free” customer experience.
“As it relates to how you actually do service, they’re traditional. It’s a traditional setup in that way,” he told CNBC. “In that way, what we’re doing … as it relates to service, we believe the same principles that we have with selling cars.”
A map with a QR code shows the Jeep vehicle area in Carvana’s vehicle “playground” at its franchised store in Dallas, Texas. Each vehicle has a number as well as an accompanying QR code to learn about the vehicle.
Courtesy Carvana
At the end of the day, selling cars is Carvana’s core business, but servicing vehicles has historically been a lucrative market for franchised dealers, along with customer financing, which Carvana has always focused on for its business.
Much like its used vehicles, Carvana is currently only accepting cash or offering financing through the company itself, including selling consumer auto loans it originates to institutional investors and partner banks, such as Ally Financial, to maintain liquidity.
Taira did not dismiss the possibility of Carvana offering leasing or using Stellantis’ financial services, which have been highly profitable for automakers, but said the offerings would need to seamlessly integrate into its current online selling platforms.
“Part of what makes this great, this experience, is what we already know. What we already know is the system that we have in place,” he said. “That does not mean that integration isn’t something that we’re going to be as part of our learning and experimentation going forward.”
Business
World Cup 2026 Debutants Face Tough Opener in Mexico City
MEXICO CITY — Uzbekistan makes its long-awaited World Cup debut on Thursday against a battle-hardened Colombia side at the iconic Estadio Azteca in Group K, with the Central Asians hoping to defy the odds in their first appearance at football’s biggest stage.
The White Wolves earned qualification through a resilient AFC campaign, losing just once across 16 matches. Eldor Shomurodov led the way with nine goal involvements. Fabio Cannavaro, the 2006 World Cup-winning captain with Italy, took charge to bring big-tournament experience to the squad.
Colombia returns after missing Qatar 2022, finishing third in CONMEBOL qualifying behind Argentina and Ecuador. Under Nestor Lorenzo, who played in the 1990 World Cup final with Argentina, Los Cafeteros displayed strong attacking metrics, leading the section in expected goals and shots on target.
This marks the first meeting between the two nations. Colombia enters as heavy favorites, with statistical models giving them around a 67-70 percent chance of victory. Uzbekistan’s win probability sits near 12 percent, with a draw around 20 percent.
Uzbekistan’s Historic Campaign
After near misses in previous cycles, Uzbekistan secured its place with disciplined performances under initial coaches Srecko Katanec and Timur Kapadze before Cannavaro’s appointment. The team finished second in key qualifying groups behind Iran.
Cannavaro has emphasized enjoyment and fearlessness. “I try to explain to them to enjoy it because it’s the first time, we don’t have anything to lose,” he told reporters ahead of the match. “But it doesn’t mean that we will just be enjoying the moment. We know that we need to fight.”
The Italian legend, a three-time World Cup participant as a player, aims to guide Uzbekistan beyond the group stage — a feat no debutant has achieved since Slovakia in 2010. The last Asian side to advance from the groups as newcomers was Saudi Arabia in 1994.
Key player Shomurodov, now at Istanbul Basaksehir, brings scoring threat. Manchester City’s Abdukodir Khusanov anchors the defense. The squad blends domestic league talent with European-based players, though depth remains a challenge against top opposition.
Colombia’s Ambitions
Lorenzo has instilled stability and attacking fluency. Colombia excelled in qualifying with 28 goals, strong set-piece play and contributions from stars Luis Diaz and James Rodriguez. Rodriguez, the 2014 Golden Boot winner, adds creativity, while Diaz’s pace and finishing provide cutting edge.
Veterans like David Ospina in goal and midfielders Jefferson Lerma and Richard Rios provide balance. The side has shown resilience, recovering from past setbacks to target a deep run mirroring their 2014 quarterfinal appearance.
Lorenzo brings tactical acumen from his playing and coaching background. Colombia has won five of its last six World Cup group matches, losing only once, signaling a strong start is likely.
Predicted Lineups and Tactics
Uzbekistan is expected to line up in a compact 3-4-3 or 4-2-3-1: Utkir Yusupov in goal; defenders including Abdukodir Khusanov, Rustam Ashurmatov and Abdulla Abdullaev; midfielders Otabek Shukurov, Akmal Mozgovoy and others; with Abbosbek Fayzullaev, Oston Urunov and Eldor Shomurodov in attack.
Colombia likely deploys a 4-2-3-1: Camilo Vargas; Daniel Munoz, Davinson Sanchez, Jhon Lucumi, Johan Mojica; Jefferson Lerma, Richard Rios; Jhon Arias, James Rodriguez, Luis Diaz; Luis Suarez up front.
Cannavaro may opt for a defensive setup to frustrate Colombia’s press, relying on transitions through Shomurodov. Colombia will push for early control, using width and midfield creativity to break down a resilient block. Set pieces could prove vital given both teams’ strengths there.
Group Context
Group K also features Portugal and DR Congo. A result here shapes the battle for advancement. Colombia targets top spot or safe progression, while Uzbekistan seeks points to fuel belief in reaching the knockout rounds.
Injuries and form will play roles. Uzbekistan deals with squad limitations compared to Colombia’s full-strength roster. Recent friendlies tested both, with Colombia showing sharper attacking edge.
Betting Insights and Outlook
Markets heavily favor Colombia, often around 1/2 or better. Uzbekistan +400 or longer offers value for an upset. Under 2.5 goals appears in many previews for a cautious debut match. Correct score predictions commonly include 0-1 or 1-2 to Colombia.
The atmosphere at Estadio Azteca, with its rich World Cup history, adds significance. Kickoff is set for evening local time, with global audiences tuning in for this Group K opener.
Uzbekistan’s players, many experiencing elite competition for the first time, carry national pride. Cannavaro’s leadership focuses on high intensity and warrior mentality. “We cannot be dogs for 90 minutes,” he has stressed in training camps.
For Colombia, the match represents validation of their resurgence. Lorenzo’s side enters confident yet respectful. Success here could propel them toward emulating past deep runs.
Expect a tactical battle early, with Colombia gradually imposing quality. Uzbekistan will fight every ball, hoping for defensive solidity and counter opportunities. A narrow Colombia win remains the consensus, but debuts often produce surprises.
The encounter highlights football’s global growth, pitting Asian resilience against South American flair. Both teams have prepared meticulously, but the gulf in experience favors the visitors.
As the tournament unfolds, this result could define Group K trajectories. Uzbekistan aims to make history; Colombia seeks to reaffirm its status among contenders. Fans anticipate a memorable night under Mexico City’s lights.
Business
Betting Tips, Odds and Predictions for 2026 World Cup Opener
ARLINGTON, Texas — England launches its bid to end a 60-year World Cup drought when it faces familiar rival Croatia on Wednesday in the opening match of Group L at AT&T Stadium.
The Three Lions enter as one of the tournament favorites after flawless qualifying and strong pedigree under manager Thomas Tuchel. Croatia, perennial overachievers, bring experience and resilience despite an aging core.
England has not won the World Cup since 1966 on home soil. Back-to-back European Championship final losses have fueled determination. The squad qualified with eight wins from eight matches, scoring 22 goals and conceding none. Recent friendlies showed mixed results, including a narrow victory over New Zealand, but Tuchel’s side has historically elevated its game on major stages.
Harry Kane leads the attack as England’s all-time top scorer with 79 international goals. The Bayern Munich forward enjoyed a stellar club season, netting 36 Bundesliga goals in 31 appearances plus strong Champions League form. He arrives with recent hat-tricks and remains a clinical finisher in big matches.
Tuchel has built the team around Kane’s movement and finishing. Key supporting players include Jude Bellingham, Declan Rice and a defense featuring John Stones and Ezri Konsa. Recent squad adjustments included replacing injured Tino Livramento with Trevoh Chalobah.
Croatia reached the 2018 final and 2022 semifinals, relying on veterans like Luka Modric, Ivan Perisic and Andrej Kramaric. Modric, at 40, helped secure strong qualifying results — seven wins in eight games, 26 goals scored and four conceded. The team has faced questions about pace and physicality but consistently defies expectations.
Recent history favors England. The sides have met in the Nations League and at Euro 2024, with England prevailing. The painful memory of Croatia’s 2018 World Cup semifinal extra-time victory via Mario Mandzukic remains motivation for revenge.
Team News and Lineup Expectations
England is expected to deploy a solid setup with Jordan Pickford in goal. The back line likely features Reece James, Stones, Konsa and possibly Dan Burn or others for width. Midfield should see Rice anchoring alongside Bellingham and Elliot Anderson, allowing forward thrust. Kane leads the line, supported by players like Bukayo Saka, Anthony Gordon or Noni Madueke.
Croatia’s lineup centers on Modric’s creativity, with Kovacic in midfield and Kramaric or Budimir up front. Josko Gvardiol provides defensive solidity on the left. The side blends experience with younger talents but must manage fitness concerns for veterans.
Betting Tips and Odds
England enters as clear favorite at around 8/11 to -140 on the moneyline, reflecting home advantage in a neutral venue and superior depth. A draw sits at about 14/5 to +270, while Croatia is a longer shot at 15/4 to +420. Over 2.5 goals is priced around +110 to +116, with under favored slightly in some markets.
Tip 1: Harry Kane to score anytime. The captain’s form and big-game pedigree make him a strong candidate at odds around 5/4. He has delivered consistently for club and country.
Tip 2: Declan Rice to score or assist. The Arsenal midfielder contributed goals and assists in qualifying and club play. Set-piece threats and forward license under Tuchel boost his value at around 11/4 to 5/4 in various markets.
Correct score predictions lean toward England wins, such as 2-0 or 2-1. England to win by one goal appeals in several previews.
Bookmakers offer various sign-up promotions for new customers, including enhanced odds on England qualifying from the group or specific match outcomes. Always gamble responsibly and check terms.
Tactical Outlook
England aims for control and efficiency. Tuchel’s pragmatic approach prioritizes structure and exploiting set pieces or transitions involving Kane and Bellingham. Croatia will likely sit deeper, absorb pressure and seek counters through Modric’s vision and Perisic’s experience.
The match kicks off at 9 p.m. BST (3 p.m. local time in Arlington) and carries significant weight for group standings. A strong start could build momentum for England in a competitive Group L.
Both teams qualified convincingly, but England’s flawless record and depth give it the edge. Croatia’s tournament pedigree ensures it will not roll over easily. Expect a tense, tactical battle with England favored to prevail.
The result could set the tone for the Three Lions’ campaign. Fans and analysts watch closely as England seeks to finally lift the trophy that has eluded it for six decades.
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SSR Mining’s Repricing Still Looks Far From Done (NASDAQ:SSRM)
Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract the most critical ideas.
He runs the investing group Beyond the Wall Investing in which he provides access to the same information that institutional market participants prioritize in their analysis. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SSRM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Jaylen Brown Trade Rumors Heat Up as Celtics Weigh Roster Changes Ahead of 2026-27 Season
Trade speculation surrounding Boston Celtics star Jaylen Brown has intensified in recent weeks, with the two-time All-Star’s name frequently mentioned in discussions as the franchise evaluates options to maintain contention following a challenging stretch and amid broader roster considerations.
The Celtics, coming off a period of roster evaluation after falling short of expectations in recent playoffs, face decisions on long-term construction around Jayson Tatum. Brown’s expiring contract and high salary have made him a focal point in hypothetical deals, particularly as teams explore ways to pair elite talent with championship-caliber supporting casts. While no deal is imminent, the rumors reflect the fluid nature of NBA offseason planning and the Celtics’ willingness to explore bold moves to address defensive and depth needs.
Boston’s front office has reportedly engaged in preliminary discussions involving Brown, with league sources indicating interest from several contending teams seeking perimeter scoring and defensive versatility. The 29-year-old forward’s championship experience from the 2024 title run adds value, though his recent contract extension and injury history require careful evaluation by potential suitors.
Potential Destinations and Trade Frameworks
Multiple reports have linked Brown to teams like the Golden State Warriors in scenarios involving star players, though such deals remain highly speculative. The Warriors, rebuilding around Stephen Curry, could view Brown as a long-term piece to complement their veteran core, but salary matching and asset considerations complicate any framework.
Other Eastern Conference contenders have also been mentioned, with teams seeking to upgrade wing depth eyeing Brown’s two-way capabilities. However, the Celtics’ reluctance to part with a key piece of their championship puzzle unless the return significantly improves roster balance has limited concrete progress on potential deals.
Gary Washburn of The Boston Globe addressed the rumors during a recent appearance. “I don’t think Giannis is going to be a Celtic. … But I do think the Celtics are gauging what it would take to get Giannis to Boston and trying to figure out whether they want to move Jaylen Brown,” Washburn said. “And if there’s rumors that Jaylen is being moved and he hears that all summer, what kind of mentality will he have coming into next season, which is critical for this franchise.”
The comments highlight concerns about player morale and team chemistry if trade speculation persists. Brown has expressed commitment to Boston in the past, but the business realities of professional sports often lead to roster adjustments even for established stars.
Celtics’ Strategic Outlook
Boston’s front office faces a delicate balancing act. The team achieved significant success with the Tatum-Brown duo but has encountered challenges maintaining depth and addressing defensive inconsistencies. Trading Brown would represent a major philosophical shift, potentially signaling a rebuild or retooling around Tatum and younger talent.
President of basketball operations Brad Stevens has historically prioritized contention windows, making any move involving Brown dependent on acquiring high-impact players or significant future assets. The Celtics’ strong financial position allows flexibility, but luxury tax implications and roster fit remain primary considerations.
Recent draft picks and young contributors provide additional options, potentially allowing the team to retain Brown while addressing needs through targeted additions. However, persistent rumors suggest internal discussions about long-term construction continue as free agency and the draft approach.
Brown’s Value and Career Context
Brown has established himself as one of the league’s premier two-way wings, combining scoring ability with strong perimeter defense. His contributions during Boston’s championship run demonstrated clutch performance and leadership qualities that would appeal to contending teams seeking immediate impact.
Contract details, including the remaining years and salary, make Brown an attractive but expensive asset. Teams acquiring him would need to manage cap space carefully while integrating his skill set into existing systems. Brown’s professionalism and work ethic have earned respect across the league, factors that could ease transition to a new franchise if a deal materializes.
Broader NBA Offseason Landscape
The Brown rumors occur amid a busy NBA offseason featuring several high-profile storylines, including Giannis Antetokounmpo trade speculation. Teams are positioning themselves for roster upgrades ahead of the draft and free agency, with wing players like Brown representing valuable currency in potential blockbuster deals.
The Celtics’ situation reflects wider league trends where championship windows require continuous evaluation and occasional difficult decisions. Successful franchises balance loyalty to core players with strategic adaptability to remain competitive in an increasingly parity-driven environment.
Analysts expect continued movement as teams finalize draft strategies and explore trade opportunities. Brown’s name will likely remain prominent in discussions until the Celtics clarify their intentions or the rumors dissipate through other roster moves.
Fan and Industry Reactions
Celtics fans have expressed mixed emotions regarding the rumors, with many hoping Brown remains in Boston while acknowledging the need for roster evolution. Social media discussions highlight appreciation for Brown’s contributions alongside debate over potential trade returns.
League insiders view Brown as a high-value asset whose availability could trigger significant market activity. His combination of youth, contract status and proven playoff performance makes him an attractive target for teams seeking immediate contention boosts.
As the offseason progresses, the Celtics’ handling of the situation will be closely watched. A decision to retain Brown would signal confidence in the current core, while exploring trades could indicate a willingness to reshape the roster for future success.
What Lies Ahead
The coming weeks will provide clarity as the draft and free agency intensify. Boston’s front office must weigh short-term competitiveness against long-term flexibility, with Brown’s future central to those calculations. Whether he remains a Celtic or finds a new home, his impact on the league and any team he joins will be significant.
For now, the rumors serve as a reminder of the NBA’s dynamic nature, where even established stars can become trade candidates as organizations pursue championship opportunities. Jaylen Brown’s situation exemplifies the complex decisions facing modern NBA franchises as they balance talent retention with strategic evolution in pursuit of sustained success.
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