Carvana

Carvana Anticipates Robust Profit Growth in 2025 Following Record-Breaking Quarter

1 month ago

In an impressive display of resilience and strategic execution, Carvana has reported a record quarter, leading to optimistic projections for profit growth in 2025. The used car retailer, known for its innovative online sales platform, has seen significant strides in its operational efficiency and market positioning, which have been reflected in its latest financial results.

Carvana Strengthens Financial Ties with Ally Amid Controversy

3 months ago

In a significant development for the online car retailer Carvana, the company has successfully extended its loan sale agreement with financial partner Ally Financial. This announcement comes in the wake of a short-seller report that raised questions about Carvana’s financial health and business practices, prompting scrutiny from investors and market analysts alike.

Allegations of Accounting Fraud: Carvana Faces Scrutiny from Hindenburg Research

3 months ago

In a development that has sent shockwaves through the automotive resale market, Carvana, the online used car retailer, is under fire following a report released by short-seller Hindenburg Research. The report claims that Carvana has engaged in significant accounting manipulations, raising concerns about the company’s financial health and operational integrity.

Carvana's CEO's Father Set to Benefit from a $1.4 Billion Stock Sale

5 months ago

In a stunning turn of events for the online used car retailer Carvana Co., it has been revealed that the father of CEO Ernie Garcia III stands to gain a colossal $1.4 billion from a significant stock sale. This financial maneuver comes as the company's shares have recently surged, further accentuating the potential windfall for Garcia's father, Ernie Garcia II, a major player in Carvana's history and growth.

Carvana Reports Strong Quarter: Anticipates Continuing High Demand for Used Cars

5 months ago

Carvana, the online used car retailer, has announced a robust performance for its latest quarter, suggesting a sustained demand for used vehicles in the near future. The company revealed that it sold 121,423 cars during the third quarter of 2024, representing a year-over-year increase of 4%. This growth comes despite a challenging economic climate and increased competition in the automotive marketplace.