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ADESA Brings Simulcast to Upgraded Digital Platform and Mobile Apps

1. ADESA launches Simulcast on its upgraded digital platform, enhancing auction access. 2. Integration of flagship auction products could drive growth for Carvana's business.

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FAQ

Why Bullish?

The launch of ADESA Simulcast augments CVNA’s service portfolio, potentially increasing revenues. Historical examples show technological upgrades in digital platforms generally lead to improved market performance for related companies.

How important is it?

The launch of new technology platforms is likely to enhance operational efficiency and sales, directly benefiting CVNA's financial outlook.

Why Long Term?

The enhancements in ADESA's platform may take time to fully reflect in financial results, similar to past tech rollouts in e-commerce. However, sustained growth in digital auction access could establish a stronger market position for Carvana.

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CARNIOTSLA
PHOENIX--(BUSINESS WIRE)--ADESA, a leader in wholesale auto auctions and subsidiary of leading online auto retailer Carvana (NYSE: CVNA), today announced the launch of ADESA Simulcast on its upgraded digital platform and mobile apps. For many years, ADESA Simulcast has given wholesale buyers live, digital access to ADESA's in-lane auctions across the country. With this launch, ADESA's digital platform seamlessly integrates ADESA's two flagship digital auction products alongside a growing range.

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