Tag: carvana
Carvana to continue operations in Illinois, but not without new restrictions
Illinois and Carvana have reached an agreement that will allow it to continue its business in the state with new restrictions, after an investigation...
Carvana takes defensive strategy, hopes to prevent hostile takeover
Carvana has resorted to using the "poison pill" strategy to prevent a hostile takeover before it can resolve its financial problems.
The "poison pill" refers...
Settlement between Carvana & Michigan leaves used car retailer without a...
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...
CarMax joins Carvana in 2022 used vehicle woes as profits fall...
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
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...
Carvana seeking financial advice to manage billions in debt
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 stock in need of cash infusion, BofA reports
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...
Carvana stock downgraded to market perform at Cowen & Co.
According to reports from CNBC, research analysts at Cowen & Co. downgraded Carvana from "outperform" to "market perform, based on the retailer’s significant debt...
Carvana hit hard by economic headwinds
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,...
Carvana stock has decreased 97% in value so far in 2022
Carvana’s stock has been downgraded to perform from outperform on Tuesday after analysts said that near-term challenges for the used-car retailer were “unlikely to...
