Carvana

Carvana’s big rally is now looking more like a blip on the radar. Shares in the online-car retailer soared Thursday, closing up by 56% from the prior day on news that it expected to post $50 mil

On Thursday, online car retailer Carvana announced an especially rosy outlook (i.e., forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s s

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Unfortunately, there’s more where last week came from. Following last week’s slew of layoffs in tech, this week had another dose of staff cuts across tech companies. Impact was felt across

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Carvana, a used-car retailer in the United States that raised at least nine figures worth of venture capital while private before going public, announced 2,500 layoffs today.

Carvana, the online used car marketplace, has agreed to buy Kar Global’s Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well as

Those Super Bowl ad spots paid off for a number of tech companies not just in terms of exposure, but also app installs, a new report indicates. But Coinbase’s viral ad — which just bounced

Companies like Opendoor opened the door to a new way of buying and selling properties by inserting a strong middle player who could buy houses or apartments and redevelop them at scale, and then sell

Australia is emerging onto the online used car scene with Carma, a startup that just raised a $20 million (AUD $28 million) seed round from Tiger Global, a U.S. investment firm. Carma has been operati

Canada Drives currently operates in British Columbia and Ontario. With the new funds, Canada Drives hopes to expand to Alberta in the next month, according to co-CEO Cody Green.

Either the neoinsurance companies' long-term models will come to fruition thanks to large cash balances providing runway to prove their point, or Wall Street is correct -- they were always overvalued.

What does a private, car-focused e-commerce company worth $1.5 billion look like?

Donny Hall, the chief executive and co-founder of the used car certification service SureSale, knows used cars. The serial entrepreneur built and sold a previous business, CarSure, which was an insura

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the milea

The future of car ownership: Cars-as-a-service It’s Mobility Day at TechCrunch, and we’re hosting our Sessions event today in beautiful San Jose. That’s why we have a couple of related pieces on

Editor’s Note: New feedback buttons You might have noticed at the top and bottom of this newsletter that we have added new feedback buttons. These are a quick way to express your happiness (or unhap

Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to

Online used car startup Shift Technologies has tacked on another $40 million in equity funding, hired a new COO with Amazon and Enjoy roots and scaled up its engineering staff — all in the past seve