Carvana's stock price plummeted during the pandemic with analysts wondering about the fate of these scintillating vehicle vending machines.
Thwaite agreed to field some tough questions from CBS 2.:"Are you confident the company is not looking at bankruptcy right now?"The internet car dealer continues to"gain market share," according to Thwaites who said behind closed doors, the company is reducing costs.
The company was forced to shut down for two weeks last year after multiple consumer complaints. The online retailer recently settled with Illinois Secretary of State Alexi Giannoulias' office and is allowed to continue operating. Thwaites explained the issue"really related to a couple of small, considering the size of our business, title and registration delays which have now been resolved."
"This legislation would ensure consumers can continue to benefit from the modern method of online car buying," Thwaite said.
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