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Loss caps disastrous year for Carvana

Carvana is staring down rising interest payments each of the next three months with vehicle sales and earnings moving in the wrong direction.

Joel levingtonJohn colantuoniKevin tynanBloomberg intelligenceChief executive officer ernie garciaClaire boston

Carvana debt bills come due with business firmly in retreat

Carvana is staring down rising interest payments each of the next three months with vehicle sales and earnings moving in the wrong direction.

John colantuoniJoel levingtonKevin tynanHertz global holdings incCarvana coBloomberg intelligenceHertz global holdingsChief executive officer ernie garcia

Carvana holders brace for worst with credit risk, losses mounting

Carvana faces uncertainty after growing rapidly during the pandemic as car shoppers did much of their buying online.

Jennifer thomasJohn dixonJory eisenbergEric rosenthalMary biekertCreditsights eisenbergDayana mustakJohn kerschnerFranklin resources incFitch ratingsLoomis sayles coCarvana coJanus henderson groupDinosaur financial groupPacific investment management coJanus henderson

Carvana lays off 2,500 employees, buys $2 2 billion company

The Tempe-based car company said it bought an auction business on the same morning it announced it was laying off 12% of its employees.

Ernie garciaChief executive officer ernie garcia

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