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Carvana

PennDOT suspends title and registration issuing at two Carvana locations

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Two Carvana locations in Pennsylvania have been suspended from performing motor vehicle title, and registration actions after the commonwealth's transportation department found several violations.   The...
Carvana used car

Carvana’s Q3 losses shed light on slowing used car demand

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Carvana shares fell in extended trading after the company announced its third-quarter financial results were worse than expected and reflected a decline in nearly...
Carvana JPMorgan

JPMorgan analysts upgrade Carvana from underweight to neutral

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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

Carvana weighs legal options after Judge denies TRO request against Michigan

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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...
Wyler

How Jeff Wyler Automotive plans to use its innovative new retailing...

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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

Carvana posts $439 M net loss for Q2, sales volume increases

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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...
Automotive Ventures EVs startups connected car Buick CES

Agency model presses on in markets outside of the U.S. plus...

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Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Automotive Ventures EVs startups connected car Buick CES

A closer look at Carvana’s marketplace project and AutoNation’s new captive...

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Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Carvana

Illinois Secretary of State revokes Carvana’s dealer license for the second...

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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...
Carvana

4 lessons car dealers can learn from Carvana’s missteps

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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...