Business News
Carvana Is Invading the $655 Billion New-Car Market — And Traditional Dealers Are ‘In an Uproar’
The used-car giant expanded their business to new cars, and its online, hassle-free policy is attracting buyers.
carvana
Business News
Carvana Father-Son Duo’s Net Worth Has Collapsed Alongside Company’s Value
Ernie Garcia III, Carvana's chief executive officer, and his father, Ernie Garcia II, have lost billions as the company's stocks continue to fall.
Business News
Carvana Stock Could Be Worth As Little As $1 Per Share, Analyst Predicts
Shares of the online used car retailer have plummeted more than 50% over the past two trading days.
Business News
Carvana to Lay Off 12% of Its Workforce, Ignites ‘Mass Hysteria’
The automotive retailer Carvana Co. announced it will be laying off over 2,000 workers, about 12% of its workforce, in efforts to align expenses with sales.
Business Ideas
Here’s How the Entrepreneur Behind Carvana Got the Idea That’s Revolutionizing the Way We Buy Cars
'If nobody thinks you're crazy, you probably aren't on to anything truly novel.'