Carvana finance arm remains bright spot despite debt funding struggles
The retailer scrambled to fund its purchase of Adesa, the auction site company
Carvana’s finance arm remains well positioned for capital market funding despite the retailer’s struggle to sell a $3.3 billion debt package to finance its purchase of Adesa’s U.S. car-auction business, a challenge that raised questions this week about Carvana’s ability to weather rising interest rates and a dip in consumer vehicle demand. The used-car retailer’s […]
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