CVNA News and Press, Carvana Co. Class A From 05/01/23

Carvana Continues Successful Legislative Campaign in Support of Remote Vehicle Home Deliveries Legislation to allow remote sales of vehicles has been signed into law by Iowa Governor, Kim Reynolds. The legislation was introduced and sponsored in early March by the Iowa House Transportatio...

2023-05-01 13:51:01 ET Summary Carvana has been approached by a creditor group for a debt-for-equity swap as the clock ticks down to its May 3 extended exchange offer expiry. Bond prices have indicated that bankruptcy may be imminent, but the credit request for a debt-to-equity tr...

2023-04-29 12:19:00 ET Creditors who own about 90% of Carvana's ( NYSE: CVNA ) bonds are said to be pitching a deb-for-equity swap to the used-car company. The creditor group, which is represented by White & Case and PJT Partners, recently proposed exchanging a "substantial"...

2023-04-27 12:03:23 ET Summary Growing losses even in period of high used car sale prices are a sign of long term unsustainability. Corporate governance alone should be a red flag for prospective investors. Aggressive accounting practices are not a good sign for general relian...

Win A VIP Experience To Meet Jimmie Johnson This Memorial Day Weekend With Carvana Racing Sweepstakes Carvana, an industry pioneer for buying and selling used cars online, announced a new sweepstakes today in partnership with LEGACY MOTOR CLUB, offering the VIP treatment to meet racin...

2023-04-24 21:36:01 ET Summary Carvana has to clear itself of its sub-prime loans. Auto defaults are on the rise. Liquidity is not an issue for now. For further details see: Carvana Stock Will Likely Remain Volatile For A While

2023-04-24 10:17:52 ET Summary Shares of Carvana have lost 90% of their value over the past year as sales growth plummeted and profitability sank. The company is battling declining affordability for used cars, driven by inflation as well as rising interest rates. Carvana is sa...

2023-04-21 09:45:00 ET There is a very large market for used cars. And there is a very large market for fitness equipment. But that isn't enough to make either Carvana (NYSE: CVNA) or Peloton Interactive (NASDAQ: PTON) successful companies. In fact, right now, there's a very...

2023-04-19 10:23:41 ET Falling auto prices impacted Lithia Motors ( NYSE: LAD ) in Q1, with the results rippling across the overall sector to drag on its peers. For the first quarter, the Oregon-based auto retailer missed on top and bottom line expectations as gross prof...

2023-04-19 09:41:39 ET Carvana ( NYSE: CVNA ) shares slipped 5% at market open on Wednesday after the used car retailer extended the expiration date for its previously-announced offers to exchange outstanding existing notes for up to $1B of new secured notes. The offer...