Sunday, October 24, 2021 5:19:18 PM
The Wall Street Journal, a new investigation by Ben Foldy and Mike Colias reveals a host of complaints against Carvana. Foldy and Colias unearthed a number of complaints regarding “incorrect paperwork, delays getting titles and registrations, and other troubles with the purchasing process” sent to state agencies and the Better Business Bureau. It’s prompted multiple states to take action against the company.
The most alarming of these complaints, made by several people who bought their cars on Carvana, related to documents that they needed for registration purposes. In these cases, Carvana did not send the required documents on time, which meant that the buyers were unable to drive their newly-purchased cars — causing understandable frustration.
As Jalopnik noted in their report on this issue, this doesn’t seem to be an industry-wide issue. Car Max received significantly fewer complaints than Carvana, despite selling significantly more cars. All of which might serve as a wake-up call: if the person you just sold a car is unable to drive it for weeks or months after the sale, they’re probably not going to buy another one from you.
The most alarming of these complaints, made by several people who bought their cars on Carvana, related to documents that they needed for registration purposes. In these cases, Carvana did not send the required documents on time, which meant that the buyers were unable to drive their newly-purchased cars — causing understandable frustration.
As Jalopnik noted in their report on this issue, this doesn’t seem to be an industry-wide issue. Car Max received significantly fewer complaints than Carvana, despite selling significantly more cars. All of which might serve as a wake-up call: if the person you just sold a car is unable to drive it for weeks or months after the sale, they’re probably not going to buy another one from you.
Recent KMX News
- CarMax Announces First Quarter Conference Call and Annual Meeting Information • Business Wire • 05/28/2026 09:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/12/2026 08:47:50 PM
- CarMax Announces Robert O’Shaughnessy to Join Board of Directors • Business Wire • 05/12/2026 08:40:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/12/2026 08:36:19 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 05/12/2026 08:35:44 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 05/12/2026 01:30:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/05/2026 08:13:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/05/2026 08:13:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/05/2026 08:12:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/05/2026 08:12:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/05/2026 08:11:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/05/2026 08:11:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/05/2026 08:11:36 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/15/2026 04:12:10 PM
- CarMax Tops Q4 Estimates but Shares Slide on $141M Goodwill Charge • IH Market News • 04/14/2026 01:39:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/14/2026 11:03:07 AM
- CarMax Reports Fourth Quarter and Fiscal Year 2026 Results • Business Wire • 04/14/2026 10:50:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/09/2026 08:42:31 PM
- CarMax Announces William Cobb and Jim Kessler to Join the Board • Business Wire • 04/09/2026 08:15:00 PM
- CARMAX CELEBRATES 22nd CONSECUTIVE YEAR AS ONE OF FORTUNE MAGAZINE’S 100 BEST COMPANIES TO WORK FOR® • GlobeNewswire Inc. • 04/01/2026 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/24/2026 10:20:08 PM
- CarMax Announces Fourth Quarter Conference Call • Business Wire • 03/19/2026 09:00:00 PM
