Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023 (Sujeet Indap/Financial Times)
Sujeet Indap / Financial Times:
Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023 — Online used-car dealer’s cost cuts pay off even as sales volumes lag pandemic frenzy — Ernie Garcia insisted for years Carvana …
Sujeet Indap / Financial Times:
Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023 — Online used-car dealer’s cost cuts pay off even as sales volumes lag pandemic frenzy — Ernie Garcia insisted for years Carvana …
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