Carvana Stock Surges 32% on Record Quarterly Profit and Debt Restructuring Deal

Carvana (CVNA) experienced a remarkable turnaround in premarket trading on Wednesday, with its stock surging by 32.26% after announcing its best-ever quarter for profit and unveiling a debt restructuring agreement. The used-car retailer also revealed plans to raise up to $1 billion through an at-the-market offering. Despite an initial dip in premarket trading, Carvana reassured … Continue reading Carvana Stock Surges 32% on Record Quarterly Profit and Debt Restructuring Deal