Used Cars

Vroom, Inc. (NASDAQ: VRM) shares are trading lower in Monday's after-hours session after the company announced it is discontinuing its operations and winding down its used vehicle dealership business. What To Know: Vroom announced on Monday after the close of the market, causing shares to...

Carvana Co. (NYSE:CVNA) has successfully ramped up its cash reserves by trimming costs. Yet the ongoing turbulence in the used car sector has Morgan Stanley analyst Adam Jonas pondering the sustainability of Carvana’s overarching strategy. Morgan Stanley Issues Mixed Signals On Carvana...

The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, rising from 3% in June but lower than expected 3.3%. Despite the overall figure, there were substantial variations among the basket’s key components, but the significant decline in the price of second-hand...

The U.S. consumer price index (CPI) inflation decelerated more than predicted in June, increasing investor conviction that the Fed may decide for only one more rate hike and then halt its tightening cycle. The annual inflation rate in the United States dropped from 4% in May to 3% in June,...

Wall Street speculators may be seeing the early stages of a potential short squeeze after some of the most heavily shorted stocks experienced massive price increases on Thursday. Shares of Nikola Corp. (NASDAQ:NKLA), Verve Therapeutics, Inc. (NASDAQ:VERV), Carvana Co. (NYSE:CVNA), Zentalis...

After skyrocketing since the outbreak of COVID-19, used car prices have finally started to ease, raising early hopes that a bubble is starting to wane. Investors keep tabs on a number of well-known used vehicle stocks, including CarMax Inc. (NYSE: KMX), Lithia Motors Inc (...

New car inventories have risen for the eighth consecutive month, which could indicate a shift in the auto market. This Friday, the Manheim Index — the premier indicator of pricing trends in the used vehicle market — will release the latest update of its Used Vehicle Value Index. This...

Shares of online automobile marketplace Cars.com Inc (NYSE: CARS) are flying into Thursday’s trading session, up 11.85% after the company reported better-than-expected earnings along with upbeat forward guidance. Opposite of Vroom Inc (NASDAQ: VRM), and Carvana Co (NYSE: CVNA) shares, the...

Shares of Carvana Co (NYSE: CVNA) are experiencing upside volatility Friday, following a report suggesting lenders do not expect the company to file for bankruptcy soon. The stock was trading 13.1% higher at $5.61 late Friday morning after it resumed trading following a circuit breaker halt. ...

Carvana Co (NYSE: CVNA) shares are down more than 98% since the start of the year and one analyst firm said the stock was likely to remain in freefall.  What To Know: Wedbush on Wednesday downgraded Carvana from Neutral to Underperform and slashed the price target...

Online used car company Carvana Co (NYSE: CVNA) has had a rough year in 2022 with shares down 97%. One analyst was throwing in the towel and thought shares could actually fall further. The Carvana Analyst: Morgan Stanley analyst Adam Jonas removed his rating and price target for Carvana....

  Photo Credit: SHERBOCK / Shutterstock After more than a year of high inflation across all parts of the economy, consumers have recently been seeing some signs of relief. The overall rate of growth in the Consumer Price Index has leveled out in recent months after a steep run-up in 2021 and...

The index for new cars increased 0.6% in July, while the index for used cars fell 0.4%, according to data issued by the Labor Department on Wednesday, Aug. 10. While inflationary pressures on used car prices have only increased twice in 2022, pressures on new vehicles have increased six of the...

Electric vehicle leader Tesla Inc (NASDAQ: TSLA) recently reported quarterly financial results that saw second quarter deliveries and production up 27% and 25% respectively on a year-over-year basis. Analysts pointed to the company having no shortage of demand and only being constrained by supply...

Electric vehicle leader Tesla is changing its policy for people who lease vehicles from the company. Here’s what investors and customers who lease Tesla vehicles should know. What Happened: If you’ve ever leased a vehicle, chances are you know that at the end of the lease you can buy...