Pressure on the company's shares intensified since Dec. 7 when Bloomberg reported that key creditors, including Apollo Global Management Inc. and Pacific Investment Management Co.,
, an auto auctioneer and subsidiary of KAR Auction Services Inc., and now those companies that financed that debt are growing concerned, especially with interest rates having risen since that deal was put together. Bloomberg recently reported that the debt bonds are trading at just over half of the value at the start of the year.
The Business Journal reached out to Carvana on Friday to comment on the latest stock speculation and reports about possible bankruptcy. A company spokesperson issued the following statement: "Disrupting any industry is never easy, but especially one that has been around for 100 years. Yet, millions of satisfied customers have responded positively to Carvana's e-commerce model for buying and selling cars and this has made us the fastest growing used car retailer in U.S. history. We have seen many e-commerce companies written off early in their journey only to become market leaders. We plan to follow suit.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Outside Voices: Preparing for inflection points in your business - Jacksonville Business JournalAs year changes, think of what changes might be on the horizon for your business.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »
Bankruptcy worries swirl around used car retailer Carvana | CNN BusinessUsed car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published reports and a bearish analyst's call that slashes its share-price target to $1. Hey UMARYKUN’Z R BIYYNG ELEKTRYCK VEHYKLE’Z.. NOHW AH DEY’Z.. OUWR GHYLDREN R TYER’D UV BREETHYNG.. YMYSHUWN’Z FRUM GAZSSOLYNE ENGYNE’Z… LE’D EM GOW BAYNKRUWP’D… 🚘🛻🚗
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Independent contractor rule could trip up small businesses - Phoenix Business JournalThe Department of Labor is planning a new rule that could have significant implications for businesses employing independent contractors. Here's what businesses need to know.
Herkunft: phxbizjournal - 🏆 254. / 63 Weiterlesen »
Buck & Rider’s expansion continues in Phoenix metro - Phoenix Business JournalIn mid-December, Buck & Rider will open its second Valley location on the border of Phoenix and Scottsdale at The Shops at Chauncey Ranch retail plaza — and company officials are already looking at another expansion in 2023.
Herkunft: phxbizjournal - 🏆 254. / 63 Weiterlesen »
SRP approves new solar generating facility — the first of its own - Phoenix Business JournalThe new site’s advanced solar generation capabilities will provide vital experience and the ability to evaluate emerging commercial technology, SRP said. It will be the company's first solar installation that SRP will develop, owns and operate on it own.
Herkunft: phxbizjournal - 🏆 254. / 63 Weiterlesen »