Tag: carvana
JPMorgan analysts upgrade Carvana from underweight to neutral
JPMorgan analyst Rajat Gupta upgraded shares of Carvana from underweight to neutral on Tuesday, remarking that investors have a better understanding of the risk...
Carvana weighs legal options after Judge denies TRO request against Michigan
A Michigan Court of Claims judge denied a request from Carvana to grant a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending operations at...
How Jeff Wyler Automotive plans to use its innovative new retailing...
Jeff Wyler Automotive Family recently launched a 100% online car buying solution to compete directly with disruptors like Carvana and Vroom. Kevin Frye, the...
Carvana posts $439 M net loss for Q2, sales volume increases
Last Thursday, Carvana completed its second-quarter earnings call between the company, shareholders, and analysts to discuss performance and corporate activities. According to an official...
Agency model presses on in markets outside of the U.S. plus...
Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
A closer look at Carvana’s marketplace project and AutoNation’s new captive...
Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Illinois Secretary of State revokes Carvana’s dealer license for the second...
For the second time in two months, the Illinois Secretary of State's office has revoked Carvana's dealer's license and banned the retailer from selling vehicles in...
4 lessons car dealers can learn from Carvana’s missteps
Carvana has been in the news for all the wrong reasons this year. A blockbuster agreement to purchase ADESA U.S. has been completed, but...
Carvana’s operations in Illinois have been suspended
Illinois has suspended Carvana's dealer's license after an investigation found that the company “improperly” gave residents out-of-state registration tags and failed to transfer car titles within...
Carvana cuts 2,500 jobs after posting net loss of $506M
In a regulatory filing this week, Carvana said that it has laid off 2,500 of its employees, accounting for 12% of its workforce. Most of the...