Carvana Stock Plunges 33% As Bankruptcy Risk Rises, Says Wedbush
These are dark days for used car vendor Carvana. As I wrote last month, Carvana stock traded 98% below its high in early November as Morgan Stanley said it could drop to $1. Today, Carvana shares are down 33% after a Bloomberg report that creditors who control about 70% of Carvana’s unsecured debt…
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