Tag: carvana


AutosPlus2017: Meet Lukas Draginas of Otomoto

AutosPlus2017: Meet Lukas Draginas of Otomoto

When Lukas Draginas, general manager of Otomoto.pl, raised prices on the Polish automotive classified platform, the site’s customers were livid. “We had trailers blocking the roads around our office, dealers were burning our flags and massively leaving the platform,” Draginas said. But Otomoto held firm, and the result is a classifieds success story in Poland. Draginas will be telling that story, and others, during his talk at AutosPlus2017, the AIM Group’s classifieds conference scheduled for October 9 and 10 in London.


Auto site disrupter Shift raises $38 million from BMW

Auto site disrupter Shift raises $38 million from BMW

Beepi may be gone, but competing direct-to-consumer automotive classified disrupter Shift just raised $38 million U.S.. And not from just any investor: this was from auto manufacturer BMW through its iVentures fund. With the new round, Shift has raised a total of $110 million U.S..

This article is only available to AIM Group clients.
Please subscribe now or to view.


Tegna to spin off Cars.com on May 31

Tegna to spin off Cars.com on May 31

The Cars.com spinoff from Tegna is scheduled for completion at the end of May, with a new board of directors including Cars.com CEO Alex Vetter and Scott Forbes, chairman of Rightmove in the U.K., as chairman. The company will pay Tegna a cash dividend of ...


Carvana share disappoints: falls 17 percent below target

Carvana share disappoints: falls 17 percent below target

Carvana’s initial public offering on Friday didn’t go quite as well as the company had hoped. The IPO was priced at $15 U.S. a share – right in the middle of its $14 to $16 target price – but fell 17 percent, before recovering slightly to close the day at just $11.10 a share.

This article is only available to AIM Group clients.
Please subscribe now or to view.



Page 1 of 3123