Carvana Completes Restructuring to Slash $1.3 Billion of Debt
Carvana Co. has completed its debt restructuring with a majority of creditors agreeing to participate in the deal,
2023-09-02 07:15
Carvana Boosts Profit Forecast as Turnaround Gains Momentum
Carvana Co. raised its profit outlook as the used-car retailer said the momentum it saw from an early-year
2023-08-09 21:25
Rising Consumer Pain Triggers Wall Street Concern: Credit Weekly
US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind
2023-07-23 03:28
AutoNation, Carvana See Prices Falling as Margin Pressure Grows
AutoNation Inc.’s top executive warned that softening car prices will likely fall further as inventory grows, a welcome
2023-07-21 23:59
Carvana’s CEO Sees Weaker Used-Car Prices Stimulating Demand
A surge in used-car prices padded Carvana Co.’s bottom line early in the pandemic. As the market for
2023-07-21 03:25
Apollo, Pimco Show Creditors Can Play Nice With Carvana Deal
A pact among Carvana Co. creditors to work together as they negotiated how to restructure the used-car dealer’s
2023-07-20 10:53
Carvana Soars After Reaching Debt Restructuring Deal
Carvana Co. reached a deal to restructure debt and filed to sell as much as $1 billion of
2023-07-19 19:59
Meme Stocks Are Back, Raising a ‘Red Flag’ for the Broader Market
Investors are fascinated with meme stocks again as they hunt through lower-quality names searching for returns. And in
2023-07-12 00:51
Lordstown CEO Was Ghosted by Foxconn Unit a Year Before Collapse
Lordstown Motors Corp. executive Ed Hightower flew to Taiwan from Detroit last year for meetings with leaders of
2023-06-28 18:48
Powell Wake-Up Call Means More Corporate Defaults: Credit Weekly
America’s most leveraged companies got a painful reality check this week when Federal Reserve Chairman Jerome Powell warned
2023-06-18 04:27
Carvana Short Sellers Lose $1 Billion After Record Rally
Short sellers in Carvana Co. just passed a grim milestone: more than $1 billion in losses this year.
2023-06-09 05:27
Carvana Shares Soar on Forecast of Better Financial Results
Shares in used-car retailer Carvana Inc. soared in Thursday trading after the struggling company said its operations are
2023-06-09 02:55