TSLA388.900-3.05%
GM78.0500.27%
F12.435-0.275%
RIVN16.8900.48%
CYD42.3200.03%
HMC24.3600.1%
TM212.860-0.32%
CVNA362.240-8.84%
PAG156.0200.89%
LAD274.8700.39%
AN198.2902.48%
GPI335.4802.75%
ABG204.0901.55%
SAH67.3701.48%
TSLA388.900-3.05%
GM78.0500.27%
F12.435-0.275%
RIVN16.8900.48%
CYD42.3200.03%
HMC24.3600.1%
TM212.860-0.32%
CVNA362.240-8.84%
PAG156.0200.89%
LAD274.8700.39%
AN198.2902.48%
GPI335.4802.75%
ABG204.0901.55%
SAH67.3701.48%
TSLA388.900-3.05%
GM78.0500.27%
F12.435-0.275%
RIVN16.8900.48%
CYD42.3200.03%
HMC24.3600.1%
TM212.860-0.32%
CVNA362.240-8.84%
PAG156.0200.89%
LAD274.8700.39%
AN198.2902.48%
GPI335.4802.75%
ABG204.0901.55%
SAH67.3701.48%


carvana

hostile takeover

Carvana takes defensive strategy, hopes to prevent hostile takeover

- January 24, 2023
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 to a series of defensive maneuvers...
Articles Headlines
Carvana Michigan license

Settlement between Carvana & Michigan leaves used car retailer without a state license

- January 16, 2023
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 no longer a licensed dealership.  In an...
Articles Headlines
CarMax

CarMax joins Carvana in 2022 used vehicle woes as profits fall 86%

- December 26, 2022
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 decline in the last stretch of...
Articles Headlines

Citigroup shows tentative support for auto-retailer Carvana

- December 15, 2022
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 a result of economic shifts after...
Articles Headlines
debt, auto-retailer

Carvana seeking financial advice to manage billions in debt

- December 9, 2022
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 breaking year thanks to a surge...
Articles Headlines
Carvana

Carvana stock in need of cash infusion, BofA reports

- December 2, 2022
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 liquidity as it continues struggling to...
Articles Headlines
cars

Carvana stock downgraded to market perform at Cowen & Co.

- November 23, 2022
According to reports from CNBC, research analysts at Cowen & Co. downgraded Carvana from "outperform" to "market perform, based on the retailer’s significant debt load and unmet expectations so far...
Articles Headlines
Carvana, car

Carvana hit hard by economic headwinds

- November 21, 2022
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, they might fall even more swiftly....
Articles Headlines
Carvana

Carvana stock has decreased 97% in value so far in 2022

- November 16, 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 abate.” Oppenheimer analyst Brian Nagel wrote, “significant...
Headlines Articles
Carvana

PennDOT suspends title and registration issuing at two Carvana locations

- November 14, 2022
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 two Carvana locations, in Philadelphia and...
Headlines Articles

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Stellantis, Microsoft deepen alliance to supercharge AI and cybersecurity capabilities 
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Pentagon boosts weapons production with automakers, Ford unifies EV strategy, Tesla outlook improves

Pentagon taps automakers to boost weapons production capacity
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Ford creates unified product organization to accelerate EV, software rollout and margin goals
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CBT News
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