Company Directory - Carvana Co.
Company Details - Carvana Co.
Carvana Co.
WebsiteTempe, United States
ISIN: US14450P1008
Carvana is an online used car retailer that offers an innovative car-buying experience through its digital platform. The company provides an end-to-end e-commerce solution for purchasing used vehicles, including online financing, delivery options, and unique car vending machine experiences.
CCI Score
CCI Score: Carvana Co.
-45.63
0.02%
Latest Event
Carvana LLC Political Contributions and Lobbying Practices
The OpenSecrets profile for Carvana LLC reveals that the company made political contributions amounting to $43,630 and spent approximately $200,000 on lobbying in the 2024 cycle. Additionally, the fact that all of its lobbyists in recent years have been former government employees raises serious concerns about revolving door practices that could undermine democratic accountability and enable corporate influence over policy. Such practices are seen as fueling cronyism and potentially contributing to authoritarian tendencies by facilitating undue corporate influence in politics.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
QUISLING
Carvana Co. is currently rated as a Quisling.
Latest Events
- MAR182025
The OpenSecrets profile for Carvana LLC reveals that the company made political contributions amounting to $43,630 and spent approximately $200,000 on lobbying in the 2024 cycle. Additionally, the fact that all of its lobbyists in recent years have been former government employees raises serious concerns about revolving door practices that could undermine democratic accountability and enable corporate influence over policy. Such practices are seen as fueling cronyism and potentially contributing to authoritarian tendencies by facilitating undue corporate influence in politics.
-50
Political Contributions and Lobbying Efforts
March 26
The company's reported political contributions and significant lobbying expenditures, combined with a revolving door of lobbyists who are former government officials, indicate a problematic engagement in political processes. This use of corporate funds for lobbying, particularly when it involves hiring insiders, may be seen as an attempt to shape policy favors and maintain influence over government, practices that can contribute to an erosion of democratic norms and fuel authoritarian trends.
- MAR152025
Following hundreds of consumer complaints regarding delayed title and registration documents, deceptive vehicle representations, and payment issues, Attorney General William Tong announced a $1.5 million settlement with Carvana. This event underscores serious lapses in business practices and raises concerns about the company's ethical responsibilities.
-60
Business Practices and Ethical Responsibility
March 26
Carvana's handling of consumer transactions has been marked by significant deficiencies, as evidenced by hundreds of consumer complaints about delayed title and registration processes, misrepresentations of vehicle conditions, and delayed payments to sellers. The $1.5 million settlement imposed by the Attorney General reflects the company's failure to adhere to ethical business practices and consumer protection standards, raising major concerns about its commitment to ethical responsibility.
Attorney General Tong Announces Settlement with Carvana Following Hundreds of Consumer Complaints
- FEB042025
On February 4, 2025, a federal judge declined to reconsider a previous order, allowing class action fraud claims to proceed against Carvana. Allegations claim that the company misrepresented its growth prospects by failing to disclose mounting costs and declining car sales, misleading investors about the sustainability of its business model.
-50
Business Practices and Ethical Responsibility
April 3
Carvana is accused of deceptive business practices by misrepresenting its growth prospects and concealing critical financial information such as mounting costs and declining sales. This lack of transparency and accountability significantly undermines ethical business practices, thereby contributing negatively to corporate responsibility.
Carvana Must Face Investors' Trimmed Class Action Fraud Claims
- JAN152025
Following hundreds of consumer complaints in Connecticut over delayed title and registration processes, deceptive representations about vehicle condition, and unsatisfactory customer service, Carvana was forced into a settlement that includes a $500,000 state penalty and a $1 million consumer restitution fund.
-70
Business Practices and Ethical Responsibility
April 3
Carvana's actions led to significant consumer harm due to deceptive business practices and poor customer service, resulting in delays in title and registration processes. The settlement by the Attorney General of Connecticut, which enforces consumer protection measures, underscores the firm's unethical practices. This enforcement not only compensates affected consumers but also serves as a warning to unethical corporate behavior that undermines fair market practices and trust.
Drivers 'wronged' by Carvana to get payment from $1m pot - The US Sun
- JAN072025
A Hindenburg Research report has accused Carvana of engaging in deceptive financial practices, including questionable lending and accounting manipulation, through undisclosed related-party transactions and frequent loan extensions. While the company denies these allegations, the report raises serious concerns about its ethical business practices and transparency.
- JAN072025
A Hindenburg Research report accuses Carvana of manipulating financial data, engaging in questionable lending practices, and masking rising delinquencies through frequent loan extensions with an affiliated loan servicer related to the Garcia family.
-80
Business Practices and Ethical Responsibility
April 3
The allegations point to serious unethical business practices, including financial misrepresentation and manipulated accounting. These practices undermine corporate transparency and accountability, falling squarely under the business practices and ethical responsibility category.
-70
Economic and Structural Influence
April 3
The report highlights potential economic and structural issues, including insider connections and related party transactions involving the Garcia family. Such dynamics raise concerns about exploitative financial structures and undermine the integrity of corporate governance.
- JAN022025
Hindenburg Research’s report accuses Carvana of engaging in accounting manipulation, undisclosed related-party transactions, and reliance on risky subprime loans. These practices raise serious concerns about the company's ethical business practices and financially unsound structure, undermining public trust and corporate accountability.
-60
Business Practices and Ethical Responsibility
March 26
The allegations indicate that Carvana engaged in unethical accounting manipulation and undisclosed related-party dealings. This behavior falls under poor Business Practices and Ethical Responsibility, as such maneuvers undermine transparency, accountability and can indirectly support a corporate culture that destabilizes democratic financial systems.
Carvana Under Fire: Hindenburg Report Alleges Accounting Manipulation
-30
Economic and Structural Influence
March 26
Carvana’s financial distress is further highlighted by a high debt-to-equity ratio, reliance on risky subprime auto loans, and notable insider stock sales. This suggests a problematic Economic and Structural Influence where unsound financial practices contribute to market volatility and can erode confidence in regulatory oversight.
Carvana Under Fire: Hindenburg Report Alleges Accounting Manipulation
- JAN022025
Hindenburg Research uncovers extensive accounting manipulation, related-party transactions, and insider stock dumping at Carvana, raising serious concerns about its corporate governance and financial integrity.
-80
Business Practices and Ethical Responsibility
March 26
The Hindenburg Research report details gross accounting manipulations, non-arm's length related-party transactions, and insider stock dumping that undermine corporate ethics and betray shareholder trust. Such practices reflect a severe deficiency in ethical business responsibility.
Carvana: A Father-Son Accounting Grift For The Ages – Hindenburg Research
-70
Economic and Structural Influence
March 26
The report also highlights manipulative financial practices that artificially inflate Carvana's market capitalization and mislead investors. These actions demonstrate an exploitation of economic structures for insider gains, contributing to market destabilization.
Carvana: A Father-Son Accounting Grift For The Ages – Hindenburg Research
- MAY142024
The Virginia Public Access Project has surfaced detailed records showing Carvana acting as a lobbying client through the firm Cozen O'Connor. This has raised concerns over the company's political influence and potential complicity in shaping policies that may erode democratic oversight, aligning with authoritarian agendas.
-70
Political Contributions and Lobbying Efforts
March 26
Carvana's documented lobbying activities, as evidenced by records from VPAP and the involvement of Cozen O'Connor, suggest an attempt to influence state-level political outcomes. Such actions can subvert democratic processes and potentially support authoritarian structures by prioritizing corporate interests over public welfare.
Carvana (Lobbying Client) - The Virginia Public Access Project
- FEB022024
Carvana, grappling with bankruptcy concerns, embarked on an aggressive 18‐month restructuring that involved cutting $1.1 billion in annualized expenses, reducing headcount by over 4,000 employees, and piloting generative AI in its customer care operations which further cut 1,400 jobs. These measures, while boosting financial metrics and operational efficiency, raise concerns over the company’s treatment of workers and labor practices.
-40
Labor Relations and Human Rights Practices
April 3
The severe cost-cutting measures, including the reduction of over 4,000 headcounts and the replacement of customer care roles with AI technology, suggest a disregard for the welfare and rights of workers. Such large-scale layoffs and reliance on technology to reduce labor force can be seen as harmful to labor rights, reflecting negative business practices from an anti-fascist perspective that prioritizes worker protection.
A year after bankruptcy concerns, Carvana is leaner and ready for its Wall Street redemption
- DEC312023
Carvana LLC spent $200,000 on lobbying activities in 2023, raising significant concerns about the company’s role in influencing federal policies and supporting corporate agendas that may bolster authoritarian practices. This expenditure reflects a prioritization of political influence over democratic accountability.
-40
Political Contributions and Lobbying Efforts
March 26
Carvana’s allocation of $200,000 towards lobbying in 2023 is indicative of its attempt to shape political outcomes, potentially undermining democratic processes. This action is analyzed within the realm of Political Contributions and Lobbying Efforts, suggesting that the company is engaging in practices that favor corporate interests and may contribute to authoritarian policies.
- OCT202023
Carvana's announcement of cutting 2,500 jobs has not only triggered a market sell-off but also provoked significant staff backlash. This mass layoff raises concerns about the company's commitment to fair labor practices and ethical business responsibilities, highlighting potential disregard for workers' rights that aligns with broader authoritarian corporate behaviors.
-50
Labor Relations and Human Rights Practices
March 26
The decision to lay off 2,500 employees represents a significant action against the welfare of workers, triggering backlash and market instability. From an anti-fascist perspective, such drastic labor cuts can be seen as prioritizing profit over employee rights and safety, undermining ethical business practices and potentially contributing to broader authoritarian trends of suppressing labor dissent.
Carvana job cuts trigger market sell-off, staff backlash - Automotive News
- OCT112023
Hindenburg Research accuses Carvana of accounting manipulation and unethical financial practices. The report highlights alleged $800 million loan sales to undisclosed related parties and lax underwriting practices, raising serious concerns about corporate transparency and governance that could indirectly erode democratic accountability.
-40
Business Practices and Ethical Responsibility
March 26
The report alleges that Carvana engaged in deceptive accounting practices by channeling $800 million in loan sales to a suspected undisclosed related party and employing lax underwriting policies. Such unethical financial maneuvers compromise corporate transparency and accountability, which are foundational to a healthy democratic process. This behavior indirectly contributes to environments where economic power can be misused, aligning with authoritarian tendencies.
Hindenburg Claims Carvana's Cooking the Books—What's Really Going On?
- JUN192023
In a cost-cutting move tied to mounting legal and financial pressures, Carvana announced layoffs as part of a corporate restructuring effort. This decision raises concerns regarding the impact on worker rights and overall employee welfare.
-70
Labor Relations and Human Rights Practices
April 3
The layoffs, implemented as a measure to reduce costs amid legal troubles, negatively affect worker rights and highlight issues in labor relations and ethical responsibility towards employees.
- JUN192023
Carvana is embroiled in several legal battles, including class-action lawsuits alleging deceptive practices such as delayed title transfers, issuance of temporary tags, and misrepresentation of vehicle conditions. The legal challenges also include an SEC investigation and state regulatory actions.
-60
Business Practices and Ethical Responsibility
April 3
The article details multiple lawsuits and regulatory actions against Carvana for deceptive business practices. Allegations of delayed title transfers, temporary tag issues, and misrepresentations of vehicle quality suggest a significant lapse in ethical responsibility.
- MAY312023
Carvana was named one of Forbes' Best Employers for Diversity in 2023, highlighting its commitment to fostering an inclusive environment through employee resource groups and values-driven leadership.
+80
Labor Relations and Human Rights Practices
April 3
Carvana's recognition as one of the Best Employers for Diversity reflects strong progressive labor practices and a commitment to supporting marginalized groups. The emphasis on employee resource groups and inclusive leadership aligns with anti-fascist values and fair labor practices.
Carvana Ranks Among Best Employers For Diversity in 2023 — Carvana Press
- JAN012023
Carvana agreed to settle a wage and hour lawsuit by paying approximately $1.05 million, highlighting concerns regarding its labor practices and treatment of workers.
-50
Labor Relations and Human Rights Practices
March 26
Carvana's decision to settle a wage suit by paying $1.05 million suggests deficiencies in its labor relations and human rights practices. This settlement raises questions about the company’s commitment to fair labor treatment and proper compensation, contributing to broader concerns over corporate complicity in undermining workers' rights.
- MAY122022
A class action lawsuit alleges that Carvana engaged in unfair and deceptive practices by not providing timely permanent registration for purchased vehicles, which led to legal issues for consumers. In addition, the company announced layoffs affecting 2,500 employees, raising concerns over its labor practices and commitment to worker rights.
-80
Business Practices and Ethical Responsibility
April 3
The lawsuit alleges that Carvana's failure to deliver permanent vehicle registration in a timely manner constitutes unfair and deceptive business practices, undermining consumer trust and corporate accountability.
-60
Labor Relations and Human Rights Practices
April 3
The announcement of laying off 2,500 employees raises serious concerns regarding Carvana's treatment of workers and its commitment to fair labor practices, affecting worker stability and rights.
- MAY102022
In May 2022, Carvana laid off 2,500 employees over Zoom while finalizing the acquisition of a vehicle wholesaler. This move raises significant concerns over the company's commitment to ethical labor practices and its treatment of workers amid financial pressures.
-50
Labor Relations and Human Rights Practices
March 26
Carvana's decision to lay off 2,500 employees via Zoom, despite offering minimal severance and extended benefits, reflects a cost-cutting approach that disregards employee welfare. This undermines fair labor practices and signals a prioritization of short-term financial adjustments over ethical treatment of workers, which is concerning from the perspective of business practices and ethical responsibility.
- MAY102022
Carvana, an online used car retailer, laid off roughly 2,500 employees in a manner that has raised serious concerns over its labor practices. The layoffs were communicated via a mix of in-person and pre-recorded Zoom calls, prompting public outrage and criticism of the company's handling of its workforce.
-70
Labor Relations and Human Rights Practices
March 26
Carvana's decision to execute layoffs of 2,500 employees through impersonal and dehumanizing methods (including pre-recorded Zoom meetings) reflects a significant disregard for labor rights and ethical responsibility. This approach not only undermines worker dignity but also signals broader issues in business practices that can contribute to systemic exploitation and erosion of worker protections, indirectly fueling environments where authoritarian practices can thrive.
Carvana laid off 2,500 employees, many of them over Zoom (updated)
- MAY102022
Carvana laid off 2,500 employees—many informed abruptly over a brief Zoom call—highlighting concerns over its commitment to ethical business practices and labor rights. The method in which the layoffs were executed underscores a prioritization of profits over people.
-50
Business Practices and Ethical Responsibility
March 26
Carvana's decision to conduct mass layoffs as a cost-cutting measure—communicated insensitively by a brief and impersonal Zoom call—reflects poor business practices and a disregard for ethical responsibility. This prioritization of profit over employee welfare raises serious concerns about the company’s corporate governance and accountability.
Carvana employees told over Zoom they have been laid off | Miami Herald
-70
Labor Relations and Human Rights Practices
March 26
The mass layoffs, executed in a dismissive manner over Zoom, severely undermine worker rights and dignity. Employees experienced significant distress due to the lack of personal communication and proper notice, indicating a troubling neglect of fair labor practices and human rights.
Carvana employees told over Zoom they have been laid off | Miami Herald
Alternatives
Corporation
0.00
Cambridge, United States
59.91
Duluth, United States
-45.90
Corporation
51.97
Corporation
-4.06
Corporation
-32.36
Richmond, United States
42.18
Arlington, United States
12.45
Tyler, USA
30.47
Raleigh, USA
0.00
Corporate Financials
- Revenue
- 2023
- $3.00B
- Total Assets
- 2023
- $4.00B
- Operating Income
- 2023
- -$110.00M
- Total Equity
- 2023
- $500.00M
Employees: 5,000
Industries
- 441110
- New Car Dealers
- 441120
- Used Car Dealers
- 484230
- Specialized Freight (except Used Goods) Trucking, Long-Distance
- 493190
- Other Warehousing and Storage
- 522291
- Consumer Lending
- 453310
- Used Merchandise Stores
- 441190
- Other Motor Vehicle Dealers