On the Dash:
- Carvana continues shifting from pure-play digital retail to traditional franchise ownership
- Publicly traded buyers are leveraging strong earnings to accelerate consolidation
- Stellantis franchises remain attractive acquisition targets in 2025
Online used-vehicle retailer Carvana continued its expansion into franchised new-car sales with the acquisition of Sacramento Chrysler, Dodge, Jeep, and Ram in California, marking its fifth franchised dealership and second in the state.
The dealership, previously owned by Nouri/Shaver Automotive Group, was renamed Carvana Chrysler Dodge Jeep Ram of Sacramento. The deal was closed on December 11.
The Sacramento store is Carvana’s fifth Stellantis dealership. The company entered the franchise retail market in February 2025 with the purchase of a CDJR location in Casa Grande, Ariz., and has since added stores in Dallas, San Diego, and Union City, Ga., all rebranded under the Carvana name.
Carvana reported a 44% year-over-year increase in used-vehicle sales in the third quarter, totaling 155,941 units. Net income rose to $263 million from $148 million a year earlier, while revenue reached a record $5.6 billion, up 55%. Fourth-quarter and full-year 2025 results are scheduled for Feb. 18.
The sale follows an active year of dealership transactions for Nouri/Shaver Automotive. In October, the group sold three Hyundai dealerships in California to publicly traded Lithia Motors. That followed the June sale of a Kia store in Palmdale, Calif., to Trust Automotive Group and Open Road Capital.
