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 (-0.08%) 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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