Tag: $Carvana

Carvana has reached a deal with noteholders to reduce the used car retailer’s total debt outstanding by more than $1.2 billion, the company said Wednesday.

Shares of used-car retailer Carvana Co fell about 2% in premarket trading on Friday, as analysts fear that the debt-laden company’s upbeat second-quarter profit forecast could be just a ‘one-time’ gain.

Carvana stock was surging after the used-car retailer issued an improved outlook for its fiscal second quarter.