Carvana (CVNA) PT Raised to $60 at DA Davidson
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Go back to Carvana (CVNA) PT Raised to $60 at DA Davidson
July 19, 2023 6:31 AM EDT
 Agreement to eliminate more than 83% of Carvanas 2025 and 2027 unsecured note maturities and lower required cash interest expense by over $430 million per year for the next two years.
Agreement to reduce Carvanas total debt outstanding by over $1.2 billion.
New notes offered in the exchange are secured by Carvana and ADESA assets.
Exchange will launch with support from Noteholders representing over 90% (~$5.2 billion) of Carvanas senior unsecured notes.
PHOENIX--(BUSINESS WIRE)--
Carvana Co. (Carvana or the Company), the fastest growing used car dealer in U.S. history, today... More
July 19, 2023 6:30 AM EDT
The Nations Largest Online Used Auto Retailer Also Expects To Achieve Positive Adjusted EBITDA In Third Quarter 2023, For The Second Consecutive Quarter
Total gross profit per unit (GPU) was $6,520, an increase of 94% compared to second quarter 2022, exceeding the Companys previous best quarter by 27%
Total Non-GAAP GPU was $7,030, an increase of 91% compared to second quarter 2022, exceeding the Companys previous best quarter by 36%
Total GAAP and Non-GAAP GPU benefited from approximately $900 per unit of non-recurring items
Net...
More
July 18, 2023 4:05 PM EDT
PHOENIX--(BUSINESS WIRE)--
Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it will report its second quarter 2023 financial results for the period ended June 30, 2023, before the market opens on Wednesday, July 19, 2023. On that day, management will hold a conference call and webcast at 8:00 a.m. ET (5:00 a.m. PT) to review and discuss the company's business and results. This announcement reflects a revision to the previously announced second quarter 2023 reporting date of August 3, 2023.
This press release features multimedia. View the full release... More
