(Bloomberg) — Shares of Carvana Co. more than doubled in the month leading up to Thursday’s awful fourth-quarter earnings report. Most Read from Bloomberg By the time the numbers hit shortly aft...
Tag: Carvanas
Carvana’s Unwinding Triggers Cascade of Warnings on Wall Street
(Bloomberg) — As online used-car dealer Carvana Co.’s share price unwinds at a fever pitch, Wall Street analysts are slashing targets and warning conditions could worsen. Most Read from Bloomber...
Carvana’s Earnings Crash Spurs Bond Selloff
Carvana Co. ’s bonds are touching all-time lows, spotlighting investors’ concerns about the used-car seller’s long-term trajectory as it burns cash and faces rising borrowing costs. Carvana’s long-ter...
Dan Quayle Bought Up Carvana’s Slumping Stock
Text size Former Vice President Dan Quayle. Drew Angerer/Getty Images Carvana stock has slumped this year, and former Vice President Dan Quayle, who serves the used-car retailer as a director, bought ...
Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market Downturn
Carvana ILLUSTRATION BY STEPHANIE JONES FOR FORBES; PHOTO BY MARK RALSTON/AFP via Getty After letting go 2,500 people, or 12% of its workforce, the online used car seller Carvana faces a moment of rec...
Carvana’s Relentless Rout Leaves Analysts Struggling to Catch Up
(Bloomberg) — Online used-car dealer Carvana Co. is trading as if the pandemic that spurred an almost 1,200% surge in its stock price never happened. Wall Street, however, has yet to fully adjus...