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 executives said Thursday (Feb. 22) during the company’s quarterly earnings call. For example, when sourcing...
Carvana made progress in reducing expenses and improving efficiency during the third quarter, leading to record third-quarter levels of adjusted EBITDA and gross profit per unit (GPU). The online used car retailer’s CEO, Ernie Garcia, expressed his confidence in the company’s business model and the long-term...
For the third time this month, Carvana is expanding its same-day delivery program. The online car seller announced in a news release Thursday (Aug. 30) that it would begin offering that service to select customers in North Carolina. “When we launched vehicle delivery in Charlotte almost 10 years ago,...
For the online car platforms, the path towards profitability is a bumpy one … … and the macro pressures are hardly in the rearview mirror. Earnings commentary from some of the major players in the space show that revenues have fallen as the retailers have...
August 02, 2022
Investors’ tendency to slash the valuations of unprofitable businesses when the macroeconomic winds aren’t blowing their way is understandable. But for companies that are feeling the brunt of investor skittishness, making a solid argument for shareholders not to jump ship in times like this is the only way out of the predicament. One company that […]
July 02, 2024
Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. The Federal Trade Commission (FTC) said in a Tuesday (July 2) press release that Vroom agreed to the proposed settlement after the regulator took action against […]
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...
November 02, 2023
Carvana made progress in reducing expenses and improving efficiency during the third quarter, leading to record third-quarter levels of adjusted EBITDA and gross profit per unit (GPU). The online used car...
August 30, 2023
For the third time this month, Carvana is expanding its same-day delivery program. The online car seller announced in a news release Thursday (Aug. 30) that it would begin offering that service to select...
