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Carvana

  • Thursday, 2 January, 2025
    Lex
    Carvana has roared away leaving Hertz eating dust Premium content

    The big winners during the pandemic car shortage have driven off in different directions

    A Carvana vending machine sign in Daly City, California, featuring a white car with a yellow halo on a blue circular background
  • Thursday, 31 October, 2024
    Lex
    How Carvana turned Apollo’s $1.3bn concession into $50bn Premium content

    Used-car platform that suffered bankruptcy scare has reached record profitability in improbable turnaround

    A multi-storey glass structure with the Carvana logo at the top houses several cars, including a silver car on an upper level and a red car below.
  • Tuesday, 7 May, 2024
    LexPeloton Interactive Inc
    Peloton and Carvana: the pandemic stars headed in different directions Premium content

    At-home exercise equipment seems to have been just a Covid lockdown fad, and cars a necessity

    A Peloton bike on display in a shop
  • Thursday, 21 March, 2024
    News in-depth
    Carvana makes U-turn away from financial abyss

    Online used-car dealer’s cost cuts pay off even as sales volumes lag pandemic frenzy

    A Carvana car vending machine
  • Thursday, 30 November, 2023
    Business InsightSujeet Indap
    Hertz and Carvana: what their diverging fortunes tell us

    Valuation of the companies surged during the pandemic as used-car prices soared, but have now taken different paths

    Carvana car vending machine
  • Monday, 13 November, 2023
    LexBankruptcy
    Corporate debt: PIK interest can dig borrowers out of trouble — temporarily Premium content

    Companies, including Carvana, are turning to form of restructuring to preserve cash

    A Carvana vending machine in Daly City, California, US
  • Sunday, 23 July, 2023
    News in-depth
    How debtors and creditors steered Carvana away from bankruptcy

    Restructuring deal at the online used automobile marketplace shows debt talks do not need to be a car crash

  • Thursday, 8 June, 2023
    Lex
    Carvana: shaky ride reaches a smoother patch Premium content

    Online used car seller, a perennial loss maker, turns corner for now

    Cars in a Carvana facility
  • Wednesday, 22 March, 2023
    Carvana to attempt restructuring of $9bn debt load

    Company tries to drum up support from bondholders carrying $6bn of paper for move that would reduce interest bill

  • Friday, 6 January, 2023
    News in-depthApollo Global Management LLC
    Running out of road: Apollo gears up for Carvana showdown

    Credit investor had profited on Hertz trade but is nursing a $400mn paper loss on latest car market wager

    Cars in a Carvana vending machine
  • Friday, 4 November, 2022
    Automobiles
    Dispensing used cars like chocolate bars becomes tough sell for Carvana

    Dealer’s shares plummet as interest rates rise and stress builds on US consumers

    A montage of the Carvana logo and chief executive Ernest Garcia III
Previous page You are on page 1 Next page

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