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Carvana Michigan license

Settlement between Carvana & Michigan leaves used car retailer without a...

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Carvana claimed on Jan. 11 that it’s “back to business as usual." However, Michigan state regulators disagree, stating that the company’s Novi site is...

Tesla price cuts, Carvana loses license, Chinese EVs in U.S.

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Inside automotive What are the top challenges facing car dealers in 2023? — Jonathan Smoke | Cox Automotive It has been predicted that the rest of...
CarMax

CarMax joins Carvana in 2022 used vehicle woes as profits fall...

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CarMax has announced cuts to hiring and stock buybacks in an effort to recoup from a devastating third quarter. The company suffered an 86% profit...

Citigroup shows tentative support for auto-retailer Carvana

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As analysts struggle to predict the future of the auto-retailer, Citigroup has labeled Carvana's stock as "neutral." The brand saw massive profits in 2021 as...
debt, auto-retailer

Carvana seeking financial advice to manage billions in debt

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Carvana is seeking financial advice after a difficult year of stock crashes, sputtering demand and high debt. In 2020 the retail company witnessed a record...

Carvana debt issues, Apple car update, Uber robo-taxi

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Inside Automotive What companies need to know about the holiday shopper- Shep Hyken This holiday season is a great time to win over customers in retail....
Carvana

Carvana stock in need of cash infusion, BofA reports

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According to Bank of America, the future of Carvana’s stock could go one of two ways. The online retailer is in need of more...
cars

Carvana stock downgraded to market perform at Cowen & Co.

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According to reports from CNBC, research analysts at Cowen & Co. downgraded Carvana from "outperform" to "market perform, based on the retailer’s significant debt...

Toyota cuts production plan, Carvana stock slide, Mazda ramps up EV...

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Inside Automotive: Dealer principal Andy Wright looks back at the auto retail industry in 2022 Andy Wright, an auto retail expert, is the Managing Partner of...
Carvana, car

Carvana hit hard by economic headwinds

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In a short amount of time, Carvana went from being a startup to being the second-largest used automobile seller in the United States. However,...