What might be next for Carvana after a rocky few months
Tempe-based Carvana is having a rough few months.
The used-vehicle retailer perhaps best known for its car vending machine lost around half a billion dollars in the first quarter of this year and laid off more than 10% of its workforce.
At the same time, it paid more than $2 billion to buy a car auction service.
Last August, the company’s stock price was more than $370. As of May 25, it’s right around $30.
To discuss the state of Carvana and where it might go from here, The Show spoke with C.J. Moore, a staff reporter covering used vehicles and wholesale auctions for Automotive News in Detroit.