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Keyword: carvana

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  • NASCAR driver Jimmie Johnson’s in-laws, nephew dead as police investigate possible double murder-suicide

    06/27/2023 10:45:27 PM PDT · by mabarker1 · 11 replies
    Fox News/NASCAR ^ | 06/27/2023 | Paulina Dedaj/Fox News
    The in-laws of NASCAR driver Jimmie Johnson and the 11-year-old nephew of his wife were killed in a fatal shooting in Oklahoma on Monday night that police are now investigating as a possible murder-suicide, according to law enforcement. The Muskogee Police Department said in a statement obtained by Fox News Digital that three people were found dead inside a home on Monday night after receiving a 911 call at around 9:05 p.m. over reports of a disturbance and someone with a gun. According to law enforcement, the female caller hung up after reporting the incident. Once on the scene, police...
  • Carvana stock tumbles 43%, books worst day on record as bankruptcy fears rev up

    12/07/2022 9:03:40 PM PST · by RomanSoldier19 · 38 replies
    marketwatch via msn ^ | 12/8/2022 | y Mark DeCambre
    Carvana stock on Wednesday logged its worst day on record on heavy volume and amid growing concerns about its ability to remain a going concern, according to a number of reports about the used-car retailer. Shares of Carvana Co. closed down nearly 43%. That daily decline exceeded the 38.95% tumble that was registered on Nov. 4 to mark the ugliest day for the stock since the company listed on the New York Stock Exchange in 2017.
  • Carvana shares tank as bankruptcy concerns grow for used car retailer

    12/07/2022 11:10:44 AM PST · by Presbyterian Reporter · 40 replies
    cnbc ^ | 12/7/2022 | Michael Wayland
    Shares of Carvana plummeted by more than 40% in Wednesday morning trading after the embattled online used car retailer’s largest creditors signed a deal binding them to act together in negotiations with the company. The pact, as first reported by Bloomberg, includes creditors such as Apollo Global Management and Pacific Investment Management that hold around $4 billion of Carvana’s unsecured debt, or about 70% of the total outstanding. The agreement will last at least three months.
  • Lawsuit claims Carvana failed to register cars in timely manner

    05/19/2022 3:36:27 AM PDT · by COBOL2Java · 20 replies
    WBAL TV ^ | 18 May 2022 | Barry Simms
    Car-buyers say they received temporary tags that ultimately expired ABERDEEN, Md. — A Harford County man bought a car online from Carvana, but the sweet deal turned sour when he couldn't get the car registered in Maryland. A tow truck repossessed Jo Riedel's SUV. He expected it to happen after he told the car dealer, "I'm not going to make any more payments on this vehicle." Riedel, of Aberdeen, said he couldn't legally drive his 2017 Mitsubishi Outlander because it was never properly registered. "It's been a full year of just needless headache and feeling of being ripped off and...
  • A robot bought my seven-year-old car for more than I paid brand-new

    02/12/2022 1:41:40 PM PST · by nascarnation · 51 replies
    The Verge ^ | 2/10/2022 | Sean Hollister
    In December 2014, I bought a Honda Fit right off the lot. It had 23 miles, and I paid $20,814.80, including accessories and an extended warranty. This December, a buzzy startup called Carvana drove away with my car, cutting me a check for $20,905 — leaving me with a profit of $90.20. Not only that, but Carvana’s offer was $5,000 higher than Vroom, $6,000 higher than TrueCar, and $7,500 higher than CarMax. Carvana’s offer changed day by day, too: the final one I accepted was $1,338 higher than its lowest quote. I knew I had everything going for me —...
  • Carvana's Algorithm Bought A 7-Year-Old Honda Fit For More Than It Was Worth New...The Verge dives into what is going on with exploding car prices

    02/11/2022 11:52:19 AM PST · by Red Badger · 57 replies
    https://jalopnik.com ^ | February 11, 2022 | By Erin Marquis
    Photo: Honda Both the new and used car market is a hot mess right now, and will be for sometime. Just how hot of a mess are we talking? Well, a writer for The Verge managed to sell his 2014 Honda Fit to Carvana sight-unseen for $20,905—$90.20 more than he paid for it brand new off a dealer lot. That’s a mighty caliente market. How could such an old car possibly be worth more today than when it had 23 miles and still smelled like plastic? How could a company that buys such cars at such high prices before even...