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Carvana reports agreement reached with Illinois Secretary of State

Hanesbrands downgraded to Neutral from Outperform at Credit Suisse

Carvana announced that it will continue selling and buying vehicles “using the company’s innovative e-commerce platform as well as its iconic car vending machine located in Oak Brook, Illinois” under an agreement reached with the Illinois Secretary of State. Upon reaching this agreement, the company issued the following statement: “For the past eight years, we have been an economic engine in the state by providing Illinoisans with an unmatched e-commerce experience that includes great selection, home delivery and a 7-day money back guarantee and today’s agreement with the Secretary of State allows us to move forward in our journey to becoming the largest automotive retailer. We look forward to working with Secretary Giannoulias to ensure customers continue having access to the best car buying and selling experience possible.”

Published first on TheFly

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