Carvana Co. (NYSE:CVNA) shares are trading lower on Thursday after expanding its same-day vehicle delivery service to the greater Chicago area, offering buyers the option to receive their car within hours of placing an order. The move aims to enhance convenience and speed for local customers as Carvana builds out its logistics capabilities. The rollout allows eligible Chicago-area residents to purchase a car online and have it delivered the same day, with same-day drop-offs also available for those selling their vehicle to Carvana. Carvana’s senior director of market operations and expansion, Jacqueline Hearns, stated that the company is investing and innovating to improve the buying and selling experience for customers in Chicago and nationwide. The online marketplace allows customers to browse thousands of used vehicles, arrange financing, trade in a car, and finalize purchases entirely online. Carvana’s same-day delivery is facilitated by an integrated logistics and reconditioning network that enables eligible customers to receive or sell a vehicle in under 24 hours. The company first introduced same-day delivery in Arizona and has since expanded it to select markets in over 15 states. According to Benzinga Pro, CVNA stock has gained over 152% in the last year. Investors can access the stock through YieldMax Dorsey Wright Hybrid 5 Income ETF (NASDAQ:FIVY). Carvana shares are currently trading lower by 1.77% at $343.69.

Read more at Yahoo Finance: Carvana Expands Same-Day Delivery To The Greater Chicago Area