Carvana expects a first-quarter loss of between $50 million and $100 million, drastic improvement from a loss of $348 million it reported a year earlier, despite significantly lower sales and revenue.
As for Carvana's debt, the company is offering noteholders the option to exchange their unsecured notes at a premium to current trading prices in exchange for new secured notes. The actions will provide exchanging noteholders with "collateral while reducing Carvana's cash interest expense and maintaining significant flexibility," the company said in anIf fully subscribed, the exchange offer would reduce the face value of Carvana's outstanding $5.
Carvana…Really? You go ahead and invest in that Turd.😂😂😂😂
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