A year after bankruptcy concerns, Carvana is leaner and ready for its Wall Street redemption
CVNACarvana (CVNA) CNBC·2024-02-02 19:00

In this article CVNA A Carvana sign and signature vending machine in Tempe, Ariz. Michael Wayland/CNBC PHOENIX – As layoffs and cost cuts roil Wall Street, from retail and shipping to tech and media, embattled online used car sales giant Carvana says its own restructuring is in the rear view. Carvana over the last 18 months aggressively restructured its operations and debt amid bankruptcy concerns to pivot from growth to cost-cutting. They were crucial moves for the company and its largest shareholders, inc ...