ATLANTA — Carvana markets itself as an easy way to buy a car. But some customers said they ended up instead with major headaches. Channel 2 consumer investigator Justin Gray learned Carvana faces ...
Shares of Carvana have lost 90% of their value over the past year as sales growth plummeted and profitability sank. The company is battling declining affordability for used cars, driven by inflation ...
On the surface, Carvana (NYSE: CVNA) looks like it had a spectacular turnaround year in 2023. Earnings rocketed from a $15.74 per share loss in 2022 to a profit of $4.12 per share. And it also seems ...
Amidst mounting legal challenges, a popular online car dealer that had its Illinois license briefly suspended earlier this year has been given the green light to sell vehicles on a restricted basis.
The used-car dealer isn't profitable yet has a material debt load. Although Carvana would like to grow its earnings, the leverage headwind is a major problem. The car dealer is focused on growing ...
TAMPA, Fla. (WFLA) – Pennsylvania Consumer Attorney Robert Cocco says Carvana’s nationwide mishandling of title transfers breaks state laws and put consumers in distress. He has now filed two class ...
Carvana stock has had a nice run so far in 2023 — soaring 892%. With plunging revenue, a negative net worth, and a debt restructuring deal with considerable weaknesses, this Tempe, Arizona-based ...
Auto loan delinquencies are up, as are charge-offs. Lenders are also tightening their purse strings, suggesting they see growing risks. The marketability of bundled auto loans could soon fade, leaving ...
As the adage goes: "A person who is his own lawyer has a fool for a client." The article "Carvana executive faces criminal charges in Illinois" (autonews.com, Sept. 26) is baffling. The title "general ...
It’s been an interesting start to 2022 for Carvana and a new ruling in Illinois only serves to make its future more difficult. After some 90 complaints were filed with the state over title and ...
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