Carvana originations slow QoQ as the retailer ‘hedges’ against future rate increases

Origination growth at Carvana slowed in the fourth quarter amid logistic network constraints as the retailer began hedging against future interest rate increases and entered into an agreement to acquire KAR Global’s Adesa auction sites in a $2.2 billion cash deal. Loan originations in Q4 clocked in at $2 billion, flat sequentially but up 81.8% […]