Buyer Beware: Carvana Is Driving an Auto Lending Crisis

A closeup of the Carvana logo on a "vending machine" car dealership. Key Points Online used vehicle retailer Carvana is having a strong year with a 62% YTD gain, but after hitting its ATH, shares may be nearing a correction.  The company reported mixed results when it announced Q3 earnings, posting a miss on EPS and a beat on revenue. Despite CVNA’s 510% gain since the end of 2023, questions linger about the company’s turnaround after shares fell 99% between 2021 and 2022. Interested in Carvana Co.? H ...