Short seller Hindenburg shorts Carvana, claiming the company's turnaround is a “mirage” that's being propped up by unstable loans and accounting manipulation
Michael Wayland / CNBC :
Online used car marketplace Carvana's stock hits an all-time low, closing down 13% to $7.05 on Monday; the company's stock is down 97% in 2022
Esha Dey / Bloomberg : Tweets: @trengriffin Tweets: Tren Griffin / @trengriffin : “We believe that Carvana will struggle to make a profit on vehicles previously purchased at high prices,” Argus Resea...
Carvana plans to lay off about 1,500 people, or ~8% of its workforce, on top of the ~2,500 workers the company laid off in May 2022
An in-depth look at Tiger Global, the secretive hedge fund and VC firm led by Chase Coleman, as its huge bets on booming tech stocks led to a $25B+ loss by June
Secretive hedge fund Tiger Global changed the rules on tech investing. Then it all went bad. Tweets: @acfou , @nymag , @jcoviedo6 , @walt373 , @churchillcap1 , @alderlaneeggs , @gnoble79 , @buccocapi...
Internal email: Carvana plans to cut ~2,500 workers, or 12% of its workforce, saying it overshot its growth strategy after acquiring car auction site Adesa US
Ben Foldy / Wall Street Journal :
GM plans to launch an online used vehicle marketplace this spring called CarBravo, which will leverage its dealer network to compete with CarMax and Carvana
Mike Colias / Wall Street Journal :
Online used-car dealers like Shift, Vroom, and Carvana have seen record sales over the past year, as the pandemic and chip shortages upended the US auto market
Kyle Stock / Bloomberg : Tweets: @markets Tweets: @markets : The used-car market has gone crazy over the past year, and online dealers like Carvana are thriving https://www.bloomberg.com/... via @BW
Online used-car dealers like Shift, Vroom, and Carvana have seen record sales over the past year, as the pandemic and chip shortages upended the US auto market
In December, David Tvaltchrelidze bought a 2016 Mazda Miata for $16,450 from Shift Technologies Inc., one of a crop … Tweets: @markets Tweets: @markets : The used-car market has gone crazy over the pa...
After raising $225M in its IPO, online used car retailer Carvana opens down 10%+ on its first day of trading
Diptendu Lahiri / Reuters :
Carvana, online used car seller using vending machines for some sales, files for $100M IPO; firm had revenue of $130.4M in '15, $365M in '16 on loss of $93.1M
Kirsten Korosec / Fortune :