Investors Punish Carvana Stock As Company Stares At Bankruptcy

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Carvana (NYSE:CVNA) stock suffered another sharp drop Wednesday after the company met with lawyers and creditors to explore options for managing the company’s debt load, according to Bloomberg. The move comes amid growing concerns over Carvana’s solvency following a steep decline in used-car prices. Carvana’s largest creditors, including Apollo Global Management and Pacific Investment Management, […]