Carvana Faces Cash Crunch From High Debt, Rising Interest Rates

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Used-car dealer Carvana is rushing to conserve cash as as its sales slow and its borrowing costs rise

, is rushing to conserve cash as once-plentiful financing options dry up and business deteriorates.its second round in six months. Its weakening finances mean raising funds would be difficult and costly, and it could run out of cash in a year, analysts say.

Source: News Formal (newsformal.com)

 

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they deserve to go under, hoarding all the decent used cars and jacking the prices up, putting the mobility of the working class in peril, boo this brand booooo

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