What's Going On With Carvana Shares Today?

Carvana Co. CVNA launched its newest iconic Car Vending Machine in Hollywood near Miami-Dade and Fort Lauderdale.

The debut of the newest Car Vending Machine marks the second of its kind in the Miami area, the 38th car vending machine in the U.S., and the fifth in Florida.

The steel and glass structure stands eight stories tall with a 27-vehicle capacity offering Miami-area car shoppers a second location to enjoy a futuristic car-buying experience in the U.S.

Also Read: Carvana 'Has A Lot To Prove': Wall Street Analyst Is Bearish Amid Used Car Price Challenges

"We first launched in the Miami area more than six years ago and the response from customers has been overwhelmingly positive," said Jacari Green, Carvana Market Operations Manager.

The company said that customers can pick up their vehicle at the new Hollywood Car Vending Machine or have it delivered to their home. 

"We're excited to be opening our fifth, most technologically advanced, tower in the state, and look forward to bringing even more memorable car-buying experiences to Florida residents," Green added.

Also Read: Carvana 'Has A Lot To Prove': Wall Street Analyst Is Bearish Amid Used Car Price Challenges

Price Action: CVNA shares are trading lower by 1.17% to $38.86 on the last check Wednesday.