Carvana markets itself as an easy way to buy a car. But some customers said they ended up instead with major headaches. Channel 2 consumer investigator Justin Gray learned Carvana faces multiple class ...

Carvana's vertically integrated business is proving to be rewarding.

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 ...

On the surface, Carvana (NYSE: CVNA) looks like it had a spectacular turnaround year in 2023. Earnings rocketed from a $15.74 per share loss in 2022 to a profit of $4.12 per share. And it also seems ...

Amidst mounting legal challenges, a popular online car dealer that had its Illinois license briefly suspended earlier this year has been given the green light to sell vehicles on a restricted basis.

The used-car dealer isn't profitable yet has a material debt load. Although Carvana would like to grow its earnings, the leverage headwind is a major problem. The car dealer is focused on growing ...

Last year was a wreck for Carvana, the online used-car seller known for its tall glass “car vending machines.” In 2022, the company sold fewer cars than it had the year before — the first time that’s ...