CVNA - What's Going On With Carvana's Stock? | Benzinga
Carvana Co. (NYSE:CVNA) shares are trading higher Monday, and the stock is up more than 10% in the past five days. Here's a look at what's going on.
What To Know:
Last Thursday, Carvana provided an update on its operating plan and capital structure and highlighted its first-quarter financial results as the best in company history and growth in retail units of 16% year-over-year.
The company also said it repurchased $250 million of 2028 Senior Secured Notes during the second quarter and raised $350 million of equity capital through its at-the-market (ATM) program. Carvana said it expects these actions to lead to approximately $55 million of interest expense savings in 2026 and $620 million less debt outstanding at year-end 2026.
Following the announcement, ...