Carvana stock collapses amid bankruptcy fears after creditor pact and another $1 price target

Carvana stock collapses amid bankruptcy fears after creditor pact and another $1 price target

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Carvana (CVNA) shares spiraled Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. The company's stock plunged nearly 43% on Wednesday. Bloomberg News, citing…

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