Wednesday, 18 May 2022 11:27

Carvana's License to Sell Vehicles in Illinois Suspended

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Online used-car retailer Carvana Co's license to sell vehicles in Illinois was suspended on May 10 over the mishandling of paperwork related to its vehicle sales, a state official said May 18.

Shares of Carvana fell 9.2% to $37.8 in morning trade.


The license was suspended due to the misuse of issuing out-of-state temporary registration permits and for failing to transfer titles, Illinois Secretary of State spokesman Henry Haupt said.


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