Carvana Co (NYSE:CVNA) shares are trading higher Wednesday. The company launched a new streamlined shopping experience. The stock was also upgraded by Needham.
What Happened: Carvana on Wednesday announced the launch of new features that make shopping for used EVs or plug-in hybrids easier and more accessible for its customers.
The company’s new streamlined process highlights vehicles that qualify for the Clean Vehicle Tax Credit in the search experience and allows eligible customers to apply savings at checkout. Customers can now seamlessly access up-front savings of up to $4,000 on the price of the vehicle.
“Carvana ...