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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...
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...
Carvana sales drop in Q1 for the first time ever
After performing exceptionally well throughout the pandemic, Carvana reported that overall sales had dropped for the first time ever. Carvana sales totaled 105,185 for the first...
A look inside Carvana’s massive deal with KAR Global and the...
Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
KAR Global sells ADESA auction business to Carvana in $2.2B deal
On Thursday, KAR Global agreed to terms of a deal that sees all ADESA auction operations and businesses in the US transfer to Carvana....
Carvana expansion shows the importance of growing online car sales
Carvana announced this week it had opened its brand new campus in Georgia, which is one of its largest campuses and will add 1,500...
