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 ...
The “Amazon of used cars” has a plan to restructure its debt that its bondholders refuse to accept. Carvana, the ailing used car company, is attempting to lower its debt levels and restructure the ...
CHICAGO (WLS) -- The Illinois Secretary of State has re-instated a dealer's license suspension for Carvana. Secretary of State Jesse White's office said in a written statement that Carvana continued ...
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 ...
Carvana's interest expense continues to rise. CarMax has twice the debt, but nowhere near the same interest expense. Carvana's cash could struggle to cover interest expenses in the near term.
As the adage goes: "A person who is his own lawyer has a fool for a client." The article "Carvana executive faces criminal charges in Illinois" (autonews.com, Sept. 26) is baffling. The title "general ...
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 ...
It’s been an interesting start to 2022 for Carvana and a new ruling in Illinois only serves to make its future more difficult. After some 90 complaints were filed with the state over title and ...
Carvana (CVNA) saw a 12,000% stock surge, S&P 500 inclusion, and robust revenue growth. See what justifies a cautious hold rating rather than a sell rating.
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