Used Cars

Carvana's purchase of ADESA could shake up used-car market

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Carvana CEO Ernie Garcia: “We're now back to a place where we've spent most of our lives, and I think, honestly, it's a comfortable place to be."
February 28, 2022 05:00 AM

Carvana's plan to buy the No. 2 auction company in the U.S. could have major consequences in a segment where competition has long been stable, according to analysts' initial impressions of the pending acquisition.

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