Online used-car retailer Carvana sees record third quarter as vehicle demand rebounds

“The momentum that we saw in the second quarter accelerated into the third, leading to record performance for Carvana,” Chief Executive Officer Ernie Garcia said. A rebound in sales has seen major automakers scramble to ramp up production and boost inventories at dealerships. Carvana also said it plans to offer up to $1 billion in aggregate principal amount of senior notes, due in 2025 and 2028. …read more

Source:: Yahoo Finance

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