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Home » Carvana originations drop 15%  

Carvana originations drop 15%  

Retail sales fell 8% YoY   

Amanda HarrisbyAmanda Harris
November 4, 2022
in Earnings
Reading Time: 3 mins read
0
Carvana reduces floorplan line with Ally Financial

© 2020 Bloomberg Finance LP

Carvana’s originations decreased 15% year over year in the third quarter as vehicle sales slowed and the retailer looks to increase profitability.  Originations clocked in at $1.7 billion, down 12.2% sequentially, according to the company’s letter to shareholders Thursday. Finance receivables held for sale came in at $485 million, up from $356 million as of […]

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