Bad credit can be a barrier to being approved for a car loan or for getting favorable terms. Fortunately, even if your credit ...
Used car e-commerce platform Carvana (CVNA) renewed its deal with Ally Financial (ALLY), which will allow it to sell up to $4 billion in car loans over the next year. This pushes back against claims ...
Carvana is fundamentally a leveraged play on easy credit, not a structurally sound retailer. CVNA’s recent profitability is heavily driven by loan-sale gains and financial product revenues, both ...
・Carvana reported Q3 revenue expectations, but profit fell short of the target. ・Shares fell over 9% in after-market trading, also weighed by concerns about rising subprime auto loans. ・Stocktwits ...
Hindenburg Research disclosed a short position in Carvana on Thursday, claiming the company's recent turnaround is a "mirage" that is being propped up by unstable loans and accounting manipulation.