Carvana’s big rally is now looking more like a blip on the radar. Shares in the online-car retailer soared Thursday, closing up by 56% from the prior day on news […]
Carvana
Trending topics and news from the Carvana category
Back to news homeCarvana nirvana? Shorted stock surges 56% as company predicts record profits
On Thursday, online car retailer Carvana announced an especially rosy outlook (i.e., forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s stock price […]
Daily Crunch: ‘The bitcoin network is not a payments network,’ says FTX CEO Sam Bankman-Fried
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Monday the 16th of May, and […]
Daily Crunch: Better.com CEO Vishal Garg says he’s on the hook for $750M SoftBank loan
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Friday the 13th, and I hope […]
Carvana acquires Adesa US auction business for $2.2B to jump-start used car sales
Carvana, the online used car marketplace, has agreed to buy Kar Global’s Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well […]
What happens when Wall Street falls out of love with your sector?
It’s been an awful week for public neoinsurance companies. A subsector of the larger insurtech world, neoinsurance providers tackled a number of insurance categories using a blend of modern app […]