Carvana completed the acquisition of ADESA US from KAR Global for $2.2bn.

Carvana, a company specializing in buying and selling cars online, completed the acquisition of ADESA US, the second largest provider of wholesale vehicle auction solutions in the United States, from KAR Global, a used car dealers company, for $2.2bn. "We are thrilled to welcome ADESA US to the Carvana family. Together with Carvana’s existing operations, ADESA US’s nationwide infrastructure network and robust, highly profitable business will accelerate Carvana’s progress toward becoming the largest and most profitable automotive retailer," Ernie Garcia, Carvana Founder and CEO.