Carvana is breaking the law (and other bad stuff)
Posted: Jan 14, 2025
- Carvana is accused of violating the FTC act, employing shills to boost online image, and dissuading customers from making returns
- Carvana is suspected of fake Glassdoor reviews, bullying customers on Reddit, and potentially fake customer reviews
- The company's heavy reliance on Ally Financial for loan purchases is a key risk, but Ally recently renewed their deal
- Carvana's operational challenges, layoffs, and accounting tricks suggest an unsustainable business model
- Ernest Garcia III's accelerated greying may reflect stress about Carvana's future
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