Carvana’s Debt Restructuring Stock Surge Helps Boost Online Retail ETFs
July 21, 2023 at 12:20 PM EDT
In the midst of one of the biggest seasonal periods for car buyers in the United States, online used auto retailer Carvana is surging on Wednesday, lifting online retail ETFs, thanks to a debt restructuring agreement that will lower the company’s existing by over $1.2 billion, according to sources from the company. The Tempe, Arizona company, known [...] The post Carvana’s Debt Restructuring Stock Surge Helps Boost Online Retail ETFs appeared first on ETF Trends .
