CVNA Stock Alert: What to Know as Carvana Is Banned From Illinois Again

Source: Jonathan Weiss / Shutterstock.com Illinois Secretary of State Jesse White dropped a bombshell on online used-car retailer Carvana (NYSE:CVN...

July 28, 2022
3:40 AM

Source: Jonathan Weiss / Shutterstock.com Illinois Secretary of State Jesse White dropped a bombshell on online used-car retailer Carvana (NYSE:CVNA) yesterday, announcing that the Prairie State will prohibit the company from selling to its residents. This is the second time that the state government announced such a ban in just over two months. CVNA stock slipped in early morning trading before swinging slightly higher as it moved toward the afternoon session. At the heart of the matter is title transfers, specifically the delays that Carvana customers have suffered in receiving these documents along with license plates.

Luke Lango