Used-car giant Carvana is quietly expanding into the new vehicle market through the acquisition of seven Stellantis dealerships. Amid optimism over this operational shift and a broader market rally, the company's stock surged 6.04% to close at $68.28 on May 22, 2026.
- The Casa Grande, Arizona location has rapidly become the top-selling Chrysler Dodge Jeep Ram dealership in the U.S. as of April.
- Traditional franchise dealers are pushing back against this digital transition, fearing the competitive threat of Carvana's scale.