On September 17, Carvana Co. rose 3.21% in pre-market trading, trading at $67.47/share, with turnover of $1.8025 million.

On the news front, Carvana announced the official expansion of its same-day vehicle delivery and pickup service to the Minneapolis-St. Paul Twin Cities area. Eligible local buyers and sellers can now receive ultra-fast delivery on the same day they complete an online evaluation or place an order. The expansion is supported by Carvana's proprietary logistics network and regional Inspection and Reconditioning Centers (IRCs). The same-day delivery service was initially piloted in Arizona and has since been deployed across select markets in more than 20 states nationwide. As the company continues upgrading its national supply chain and vehicle reconditioning infrastructure, it plans to further broaden the service's geographic coverage to enhance the customer experience and reinforce its competitive edge in the online used-car retail space.

It is worth noting that on September 15, Carvana shares had declined 3.12% amid broad weakness across the automotive retail sector, with the stock trading at $68.66. The latest service expansion announcement appears to have provided a near-term positive catalyst.

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