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 that will probably bode well,” Carvana CEO Ernest Garcia III told reporters Tuesday (May 14) at an Automotive Press Association event...
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 comes on the heels of a challenging period in 2022, during which Carvana shares plummeting by 97%. “We not only...
Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run rampant. Loans themselves — where there were loans to be gotten — were expensive. And as detailed here, delinquencies have...
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 placing limits on maximum payments, Chief Financial Officer Mark Jenkins told Bloomberg News in a report posted Friday (March 1)....
December 19, 2017
Unattended retail may be making the used car salesman a thing of the past. In the latest Unattended Retail Tracker™, Ryan Keeton, co-founder and chief brand officer for Carvana, takes PYMNTS inside the five-story glass kiosks that now sell pre-owned cars. Find that, plus the latest headlines, including reports on new unattended transportation solutions, and a directory of more than 100 players — all inside the Tracker.
December 18, 2017
While some consumers may list shopping on their list of favorite activities, dealing with retail friction is nobody’s idea of a good time. But can tech-based solutions make everything from...
July 10, 2024
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 for the Clean Vehicle Tax Credit in the search experience and lets eligible customers apply the up to $4,000 in savings from the credit at checkout. “Carvana has always believed […]
May 14, 2024
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 that will probably bode well,”...
March 01, 2024
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 placing limits on maximum payments,...
February 22, 2024
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 to develop new ones, Carvana...
