Carvana Sees Adjusted Pretax Profit on Horizon

Predicts return in Q2 after turbulent year, cost-cutting measures enacted.
Predicts return in Q2 after turbulent year, cost-cutting measures enacted.
Can the auto retailer stop its descent before it’s too late?
The used car retailer will continue to operate in Illinois under some restrictions.
The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.
Creditors join together to negotiate with used-car retailer.
Vehicle retailer trims costs, increases profit per vehicle.
Used-car retailer misses expectations in face of industry pressures.
A Michigan Court of Claims judge has denied Carvana's request for a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending its Novi dealership operations.
Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.
The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.
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