Carvana pulled off the unthinkable this morning

Posted by Neon_Biscuit@reddit | cars | View on Reddit | 396 comments

Carvana stock is up over *1,600%* in the past 7 months. The company pulled off the unthinkable this morning: — Reached a deal with noteholders to reduce its total debt by $1.2B — Raising $1B in capital by selling new shares — Reducing annual interest expense by $430M over the next 2 years After a crazy 12 months for the company, it looks like it’s going to make it after all