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19.08.26 - 18:24
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Carvana Rebounds as Report on Walter′s Pledged Stake Allays Fear (Bloomberg)
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Shares of online used-car dealer Carvana Co. recovered some losses from a two-day selloff, after a report showed billionaire Mark Walter's stake in the company was pledged, meaning he wouldn't be able to immediately sell it as he contends with a federal probe of his investment empire....
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18.08.26 - 17:24
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Carvana Drops 7% With Bulls, Bears Split Over the Business Model (24/7 Wall St.)
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Shares of Carvana (NYSE:CVNA) are down 7% to $65.50 Tuesday morning, extending a slide that has left Carvana stock lower for 2026 even as the used-vehicle disruptor just posted its best quarter on record. The move puts the year-to-date figure squarely at odds with the operating story. Through Monday's close, Carvana stock was down 17% ... Carvana Drops 7% With Bulls, Bears Split Over the Business Model...
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12.08.26 - 15:03
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Carvana Announces Successful Upsize and Pricing of $1.66B Senior Secured Term Loan B Facility (Business Wire)
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Reduces cash interest expense by approximately $45 million per year on a leverage-neutral basisPHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling cars, today announced the successful upsize and pricing of a Senior Secured Term Loan B Facility in an aggregate principal amount of $1.66 billion (the “Term Loan B”). The company intends to use proceeds from the Term Loan B, together with cash on hand, to redeem in full the Company's 9.00% Senior Secured Notes due 2030.
Over the past 10 quarters, Carvana has generated industry-leading growth and industry-leading profitability. The company's performance and opportunistic capital structure improvements have resulted in its strongest-ever financial position. As of Q2 2026, Carvana's net debt to trailing twelve-month Adjusted EBITDA ratio was 1.0x. This transaction further strengthens Carvana's financial position by replacing the Company's nearest maturity secured notes with longer-dated and lower-cost fi...
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