Tag: Carvana

Carvana is “continuing to maintain significantly tighter” underwriting standards than before the pandemic, Chief Executive Ernie Garcia III said during ...

The coronavirus pandemic has stimulated an avid interest in shopping alternatives, spurring automotive consumers toward an online experience. Despite the ...

With dealerships’ doors closed during the pandemic, many consumers have been forced to opt for online shopping and home delivery ...

Timing is everything. Vroom priced an initial public offering this week, and shares shot up 118% to $47.90 each in ...

What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate ...

This week, the potential bankruptcy news of rental car conglomerate Hertz shook the industry as the liquidation of its fleet, ...

Carvana has pumped the brakes on its stand-alone consumer vehicle purchase program and tightened credit standards for originations, Chief Executive ...

Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase, as the COVID-19 crisis ...