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home / news releases / carvana still driving on the edge with a heavy debt


CVNA - Carvana: Still Driving On The Edge With A Heavy Debt Load

2024-04-23 14:24:20 ET

Summary

  • Carvana achieved a Net profit for the first time, but it was mainly driven by a one-time gain from debt restructuring.
  • The company still has a heavy debt burden. The issue of which has been pushed back but not resolved.
  • With declining revenues, the company's pathway to growth and profitability remains difficult and uncertain.

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For further details see:

Carvana: Still Driving On The Edge With A Heavy Debt Load
Stock Information

Company Name: Carvana Co. Class A
Stock Symbol: CVNA
Market: NYSE
Website: carvana.com

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