1Yr·

I have yet to read anything about Carvana's record high here on getquin. Carvana is an American used car dealer. Yesterday, Carvana caused a stir with positive news, which catapulted the stock to a record high. $CVNA (+1.54%) Share was catapulted to a record high. +40% 📈 Through a debt restructuring agreement, the company was able to reduce its outstanding debt by USD 1.2 billion, which led to a significant increase in financial flexibility. At the same time, the results for the past quarter were published. Revenue of USD 2.97 billion was down 23.58% year-over-year, but still exceeded expectations. Did you have Carvana on your radar to take advantage of the good news? I'm definitely taking a closer look at the stock now, as I'm convinced that the used car market will continue to grow. What do you think?

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Oh, that's a used car dealer! I had thought yesterday that this is one of the shitcoins! 😂
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Why did Carvana incur so much debt?
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It should be borne in mind that the debt reduction will probably not come to bear every year before falling into euphoria 😉
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What record high are we talking about?
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