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The Latest Breaking News from Carvana

Heightened security planned for Lunar New Year celebrations, the latest on Illinois’ assault weapons ban challenges and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Carvana admits violating Illinois law in settlement with state regulators over car titles, registrations

Used-car retailer Carvana admitted to violating state law by failing to transfer car titles in a timely manner and has reached a settlement agreement with the state, officials said Tuesday.

Chicago Tribune

Carvana, Illinois settle fight over vehicle titles, registrations

The company forfeited a $250,000 bond and agreed to enhanced inspections as conditions for continuing to operate in Illinois.

Chicago Sun-Times

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The ‘everything bubble’ has popped and the experts on Wall Street and in Silicon Valley were spectacularly wrong about a ton of things

Morgan Stanley analysts were sure Carvana stock would hit $430 a share and the crypto faithful believed Bitcoin would top $1 million.

Fortune

These are the stocks that kept investors up at night in 2022

It’s been a year of historic selloffs for U.S. equities.

Tribune News Service

Is Carvana Stock a Buy at $5 per Share?

Online used cars retailer Carvana (CVNA) is reportedly trying to restructure its debt load. Trading below $5, does the stock deserve a place in your portfolio now? Read on to find out….

StockNews.com

Carvana is the poster child for the Fed’s decade

A one-time pandemic darling faces a new market reality.

Axios

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Even in a brutal year for tech, these 5 companies, collectives, and chiefs flopped the hardest

FTX’s venture capital patrons, a former social media executive, and a onetime pandemic darling all fell on their face in 2022.

Fortune

Carvana Shares Drop Sharply Amid Creditor Deal, Bankruptcy Rumors

Shares of the car vending machine company have gone off a cliff, down 97 percent this year from a high of $376.

Motor1

Christmas movie quiz: Which of these plots is real?

Some of the holiday story lines here are authentic, and some are as fake as snow in July. Can you spot the fakes?

Chicago Sun-Times

Foreign Workers Are Losing Their Tech Jobs. Will They Have To Leave the Country Too?

Thousands of tech workers are being laid off. That’s putting H-1B visa holders on tight timelines to find new work.

Reason

Carvana Faces Title And Registration Issues Again, This Time In PA

Two Carvana locations have been added to Pennsylvania's list of suspended issuing agents.

Motor1

Used Car Prices Down 15% Over 9 Months, Sign Of Inflation Coming Down?

Consumers looking to purchase a used vehicle in the fourth quarter of this year from used car marketplaces like Carvana Co (NYSE: CVNA) and Ca

Benzinga

After A 97% Fall, Could Carvana Shares Be Heading To 10 Cents? Here's Why One Analyst Thinks So

Online used car company Carvana Co (NYSE: CVNA) has had a rough year in 2022 with shares down 97%. One analyst was throwing in the towel and thought shares could actually fall further.

Benzinga

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news in one place.

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Benzinga

Bulls And Bears Of The Week: Apple, Meta, Tesla, Carvana And Why It's Bullish To Keep Dogecoin And Twitter Apart

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Benzinga

Carvana Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Carvana. Looking at options history for Carvana (NYSE:CVNA) we detected 19 strange trades.

Benzinga

Carvana Stock Is Down 25% After Q3 Earnings Miss: What 3 Analysts Are Saying

Shares of Carvana Co (NYSE: CVNA) were losing one-quarter of their market value in Friday trading after the online used car retailer missed Wall Street's top- and bottom-line expectations for the third quarter and reported year-over-year declines across th

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For November 1, 2022

Upgrades

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news in one place.

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Benzinga

This Is What Whales Are Betting On Carvana

Someone with a lot of money to spend has taken a bullish stance on Carvana (NYSE:CVNA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Bloated And Burning Cash: Why This Analyst Doesn't Love Car Retailer Stock Carvana

“Deterioration in market conditions, a bloated cost structure, and high cash burn” are causing Wedbush analysts to foresee a darker future for used car dealer Carvana Co. (NYSE: CVNA).

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For October 18, 2022

Upgrades

Tribune News Service

Carvana seeks temporary restraining order against Michigan after license suspension

Online used-car site Carvana said Friday that it is seeking a temporary restraining order against the state of Michigan after having its license suspended over no-title complaints from consumers.

Motor1

Carvana In Hot Water Again, This Time For Alleged Violations In Michigan

The company, known for its car vending machine, had its license suspended in Illinois a few months ago.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 12, 2022

Upgrades

Tribune News Service

Jimmie Johnson surprises Tampa veteran with new car

TAMPA, Fla. — Marine Corps veteran and Tampa resident Barry Morgan didn’t know how he was going to be able to make it to his soon-to-be 6-year-old granddaughter’s birthday party in New Jersey next weekend.

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