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Online used-car dealer’s cost cuts pay off even as sales volumes lag pandemic frenzy
Valuation of the companies surged during the pandemic as used-car prices soared, but have now taken different paths
Companies, including Carvana, are turning to form of restructuring to preserve cash
Restructuring deal at the online used automobile marketplace shows debt talks do not need to be a car crash
Online used car seller, a perennial loss maker, turns corner for now
Company tries to drum up support from bondholders carrying $6bn of paper for move that would reduce interest bill
Credit investor had profited on Hertz trade but is nursing a $400mn paper loss on latest car market wager
Dealer’s shares plummet as interest rates rise and stress builds on US consumers
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