Carvana

Carvana is an online used car retailer and technology business based in Tempe, Arizona.

(source: en.wikipedia.org)

EV Ambitions on Hold: Ford Delays Canadian Electric SUV Production
EV Ambitions on Hold: Ford Delays Canadian Electric SUV Production
July 22, 2024  |  Transportation

Ford has announced its revised strategy for its Oakville Assembly plant in Canada, originally slated for electric vehicle (EV) production. Instead, the facility will focus...

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Carvana Adds New Features for Buying and Selling EVs
Carvana Adds New Features for Buying and Selling EVs
July 10, 2024  |  eCommerce

Online car marketplace Carvana has introduced new features for buying and selling electric vehicles (EVs). The company says its new streamlined process highlights vehicles qualifying...

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Carvana Expects New Car Production to Boost Used Car Sales
Carvana Expects New Car Production to Boost Used Car Sales
May 14, 2024  |  Transportation

Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and...

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Carvana’s Inventory ‘Constrained’ as Online Used Car Retailer Posts Record Q1
Carvana’s Inventory ‘Constrained’ as Online Used Car Retailer Posts Record Q1
May 01, 2024  |  Earnings

Online used car retailer Carvana reported “milestone” first quarter (Q1) results on Wednesday (May 1), fueling a 30% surge in its stock price. This strong performance...

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Earnings Season Shows Some Momentum for Online Car Platforms
Earnings Season Shows Some Momentum for Online Car Platforms
March 14, 2024  |  Retail

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run...

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Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
March 01, 2024  |  Loans

Online car retailer Carvana is tightening its lending standards in response to higher delinquency rates. The company is requiring higher down payments from customers and...

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Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
February 28, 2024  |  eCommerce

For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still)...

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Carvana Lowers Costs, Boosts Customer Satisfaction With Technology
Carvana Lowers Costs, Boosts Customer Satisfaction With Technology
February 22, 2024  |  Retail

Technological solutions are driving cost reductions and higher customer satisfaction at Carvana. The used car retailer has seen results from its latest innovations and is continuing...

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Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
February 02, 2024  |  Business

Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to...

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