Tempe-based Carvana Co. has acquired a franchise auto dealership in Casa Grande in a move to expand its business beyond e-commerce used car sales.

A potential shift to new car sales would signal a substantial turnaround for the company. In late 2022 and early 2023, there ...

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“When we started Carvana 12 years ago, that was a time where the idea of buying a car online, sight unseen, a used car online, sight unseen, that was a very foreign concept to most buyers ...

Carvana posted a 21% top-line dip in 2023, as it sold 24% fewer cars than in the year before. This happened at a time when the business had a massive debt burden and a high interest expense.