Shares of Carvana have lost 90% of their value over the past year as sales growth plummeted and profitability sank. The company is battling declining affordability for used cars, driven by inflation ...
Carvana (CVNA) reported record Q3 revenue of $5.6B but missed earnings expectations at $1.03 per share versus $1.30 expected. Carvana’s loan portfolio is 44% nonprime borrowers and its 60-day prime ...
On the surface, Carvana (NYSE: CVNA) looks like it had a spectacular turnaround year in 2023. Earnings rocketed from a $15.74 per share loss in 2022 to a profit of $4.12 per share. And it also seems ...
Carvana’s strategies are gaining traction and disrupting the used car market, while CarMax’s established model helps maintain its competitive position. The used car market is experiencing a period of ...
Carvana Co. raises “lots of red flags,” especially after the recent implosion of auto lender Tricolor Holdings, says famed short-seller Jim Chanos, who has singled out the online car retailer over the ...
The used-car dealer isn't profitable yet has a material debt load. Although Carvana would like to grow its earnings, the leverage headwind is a major problem. The car dealer is focused on growing ...
One of the hottest stocks this year has been Carvana (NYSE: CVNA), which has risen over 228% in 2024. The online auto retailer looked like it was on the brink of bankruptcy a couple of years ago, but ...
Carvana Co. (NYSE:CVNA) shares are trading lower in the premarket session on Wednesday. The company has unveiled plans to integrate an auction and reconditioning ‘Megasite' in central New Jersey. The ...
Shares of Carvana Co. tumbled after an investment firm issued an inflammatory report about the online car retailer that alleges accounting manipulations, questionable insider stock sales and other ...
Auto loan delinquencies are up, as are charge-offs. Lenders are also tightening their purse strings, suggesting they see growing risks. The marketability of bundled auto loans could soon fade, leaving ...
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. TAMPA, Fla. (WFLA) — A second customer of ...
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Is Carvana (CVNA) Actually In Trouble?
Carvana (NYSE:CVNA) released its third-quarter earnings report last week, revealing record revenue of $5.6 billion, up 55% year-over-year, driven by 155,941 retail units sold, a 44% increase. However, ...
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