Used Cars

Demand for newer EVs may be shrinking in the U.S. market, but Tesla Inc.‘s (NASDAQ:TSLA) vehicles are among the quickest to sell on the used market. Tesla Sells Quickly, Depreciates Less According to a study released by Iseecars.com on Thursday that analyzed one to five-year-old vehicles on...

Carvana Co (NYSE:CVNA) delivered financial results for the first quarter after the closing bell on Wednesday. Here’s what you need to know from the report. Carvana shares are trending. Why are CVNA shares in the spotlight? Carvana Q1 Highlights Carvana reported first-quarter revenue of...

Ahead of Tesla Inc's (NASDAQ:TSLA) first-quarter delivery report, the electric vehicle giant may have some good news when it comes to its home U.S. market. The good news comes of course, with bad overall news for the sector. U.S. EV Sales Down 28% In Q1, But Tesla A Winner EV sales in the United...

Carvana Co. (NYSE:CVNA) shares are rebounding Thursday. They dropped by almost 15% yesterday after short seller Gotham City Research released a report alleging inflated earnings and other issues. • Carvana stock is gaining positive traction. What’s pushing CVNA stock higher?...

Carvana Co's (NYSE:CVNA) leap into the S&P 500 didn't just trigger a premarket surge — it delivered a staggering payday to two of the hedge fund world's most influential investors. Viking Global's Andreas Halvorsen and Coatue founder Philippe Laffont are now sitting on an estimated $540 million...

Used car prices are revving back into high gear – and dealership stocks are catching a tailwind. According to Cox Automotive, the Manheim Index, which tracks wholesale used vehicle prices, jumped 1.6% in June, marking a 6.3% year-over-year surge – the steepest increase since August 2022...

Meetings with the top management of Group 1 Automotive Inc (NYSE:GPI) and Penske Automotive Group Inc (NYSE:PAG) highlighted industry trends in tariff responses by OEMs (original equipment manufacturers), new and used vehicle sales, as well as P&S (parts and service) trends, according to...

BofA Securities analyst Michael McGovern on Thursday reiterated a Buy rating on the shares of Carvana Co (NYSE:CVNA) and raised the price forecast from $290 to $295. Carvana delivered a strong beat-and-raise quarter, highlighted by 46% year-over-year growth in unit sales. The company posted revenue...

Carvana Co (NYSE:CVNA) reported first-quarter financial results Wednesday after the bell. Here’s a rundown of the used car retailer’s report. Q1 Earnings: Carvana reported first-quarter revenue of $4.23 billion, beating the consensus estimate of $3.98 billion. The company...

Online used car seller Carvana Co (NYSE:CVNA) could continue stock momentum with a strong first-quarter financial report when the company reports after market close Wednesday. Earnings Estimates: Analysts expect Carvana to report first-quarter revenue of $3.98 billion, up from $3.06 billion in last...

Sonic Automotive, Inc. (NYSE:SAH) reported first-quarter results on Thursday. The company reported quarterly adjusted earnings per share of $1.48, beating the analyst consensus estimate of $1.45. Quarterly sales of $3.65 billion (up 8% year-over-year) outpaced the street view of $3.51 billion....

Amazon.com Inc. (NASDAQ:AMZN) is set to broaden its automotive offerings by incorporating used cars into its Amazon Autos platform. This move was announced by Fan Jin, Amazon Autos Director, on Wednesday. What Happened: According to a report by Automotive News, the platform, which recently...

Carvana Co (NYSE:CVNA) analysts reacted to the falling stock price and concerns from investors after the company reported fourth-quarter financials. The Carvana Analysts: RBC Capital analyst Brad Erickson reiterated a Buy rating on Carvana and raised the price target from $280 to $320. Needham...

Carvana Co (NYSE:CVNA) reported financial results for the third quarter after the market close on Wednesday. Here’s a look at the key metrics from the quarter. Q3 Earnings: Carvana reported third-quarter revenue of $3.66 billion, beating the consensus estimate of $3.45 billion,...

Electric vehicle (EV) prices in the used market have seen a significant drop, largely driven by Tesla Inc. (NASDAQ:TSLA) implementing aggressive discounts on new models. This has created a challenging scenario for both EV owners and dealers. What Happened: The value of used EVs has plummeted due to...