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Carvana posted record-breaking earnings for the first quarter in a dramatic recovery from early 2023, the result of aggressive restructuring.

Carvana posts record-breaking Q1 profits after aggressive restructuring

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Carvana posted record-breaking earnings for the first quarter in a dramatic recovery from early 2023, underlining the impact of an aggressive restructuring effort over...
Carvana, a used vehicle reseller, announced its first-ever yearly profit on February 22. This was due to an agreement with bondholders.

Carvana reports first-ever annual profit, reduces debt by $1 billion

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Carvana, a used vehicle reseller, announced its first-ever yearly profit on February 22. This was due to an agreement with bondholders to reduce the...
In the latest episode of Inside Automotive, Mark Cannon shares his insights on the current trends in the retail automotive industry.

Former AutoNation Exec. Mark Cannon on EVs, price sensitivity, and the...

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In the latest episode of Inside Automotive, anchor Jim Fitzpatrick interviews Mark Cannon, the former Chief Customer Experience Officer at AutoNation. Cannon, who had...
Illinois lawmakers have passed an amendment to the state's vehicle code allowing car dealers to sell and deliver vehicles online.

Illinois establishes digital retail guidelines for car dealers

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Illinois lawmakers have passed an amendment to the state's vehicle code allowing car dealers to sell and deliver vehicles online, after facing pressure from e-commerce...
Earlier this week, Carvana revealed its Q2 earnings, meanwhile, Ford made a bold move by lowering the price of its electric F-150 Lightning truck.

Weekly roundup: Carvana aims to trim debt under new agreement, Fords...

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Earlier this week: Carvana, the used-car mega-retailer, revealed its second-quarter earnings and also announced a significant agreement to reduce its total debt by over...
Carvana revealed its plans to raise capital and restructure operations by selling up to $1 billion in shares. 

Carvana announces Q2 earnings, reaches debt restructuring agreement

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On July 19, used-car retailing giant Carvana released its second-quarter earnings and announced an agreement to reduce the company's total debt by over $1.2...
Hyundai has overtaken General Motors in EV sales, however, Tesla remains the dominant force in the EV market.

Weekly roundup: Price cuts aid EV sales, Carvana’s best-selling used EVs,...

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Earlier this week: Hyundai has overtaken General Motors in EV sales, however, Tesla remains the dominant force in the EV market. Tesla's Model 3...
Carvana has released its list of the best-selling used electric vehicles in 2023 as it looks to satisfy "exponentially" rising demand.

Carvana eyes growth in used electric vehicle segment, Model 3 takes...

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Carvana has released its list of the top ten best-selling used electric vehicles for 2023 as it looks to satisfy "exponentially" rising demand for...
Earlier this week: Tesla broke ground on its brand new lithium refinery, Group 1 buys three stores, and more auto industry news headlines.

Weekly roundup: Carvana’s Q1 results, Tesla’s new lithium refinery, Group 1...

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Earlier this week: Tesla CEO Elon Musk was joined by Texas Governor Greg Abbott during a ground-breaking ceremony for a brand new lithium refinery,...
Carvana

Carvana beats expectations in Q1, narrows losses in bid for profitable...

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Used car retailer Carvana has released its first-quarter earnings report and revealed a quarterly loss of $1.51 per share, resulting in an earnings surprise of...