Carvana had more than $4 billion in committed financing, unencumbered real estate and other assets at the end of September, said Sharon Zackfia, a consumer equity research analyst at William Blair who covers the retailer plus Vroom and Shift Technologies, its smaller online competitors.
That is “certainly enough to sustain near-term operations,” meaning there is “likely no imminent Chapter 11 restructuring necessary,” Zackfia told Automotive News via email.
The bigger questions,…
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