Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers [The New York Times]
Moelis & Company Class A (MC)
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Source: The New York Times
Skip to contentSkip to site indexEconomyToday’s Paper|The Pandemic Used-Car Boom Is Coming to an Abrupt Endhttps://www.nytimes.com//01/30/business/economy/used-cars-carmax-carvana.htmlThe U.S.Economy TodaymentContinue reading the main storySupported byDealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.An empty eight-story Carvana tower in Denver. The company recently reported a quarterly loss of more than $500 million, and has laid off 4,000 employees.Credit...Benjamin Rasmussen for The New York TimesByNeal E. BoudetteJan. 30, ,9:43 a.m. ETAbout a year ago, the used-car business was a rollicking party. The coronavirus pandemic and a global semiconductor shortage forced automakers to stop or slow production of new cars and trucks, pushing consumers to used-car lots. Prices for pre-owned vehicles surged.Now, the used-car business is suffering a brutal hangover. Americans, espe
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News
- Moelis & Company (NYSE:MC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Moelis & Company (NYSE: MC) had its price target raised by analysts at UBS Group AG from $45.00 to $47.00. They now have a "sell" rating on the stock.MarketBeat
- Moelis & Company (NYSE: MC) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $54.00 price target on the stock, down previously from $58.00.MarketBeat
- Moelis & Company's (MC) Q1 Earnings Top as Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share [Yahoo! Finance]Yahoo! Finance
MC
Earnings
- 4/24/24 - Beat
MC
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/25/24 - Form 10-Q
- MC's page on the SEC website