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.
Cost-saving moves also include reduced hours as it tries to keep up with debt payments.
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.
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