Topline
Carvana announced a deal to reduce its debt by more than $1.2 billion Wednesday, skyrocketing the company’s share price up 40%—a figure that marks a comeback from the used car dealer’s abysmal 2022 stock performance.
Key Facts
Carvana’s stock closed up more than 40% Wednesday at $55.80—a more than 1,000% increase from the company’s $4.63 share price at the start of the year.
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