Carvana

A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022.Armando L. Sanchez | Tribune News Service | Getty ImagesCarvana has reached a debt restructuring agreement that will reduce the used car retailer's total debt…

Carvana, the troubled used-car retailer, on Wednesday announced that it had reached a debt restructuring agreement with most of its bondholders in an effort to lower interest payments over at least the next two years and put its business on…

A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois.Armando L. Sanchez | Tribune News Service | Getty ImagesShares of online used-car retailer Carvana surged Thursday after the company said its second-quarter…

A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois.Armando L. Sanchez | Tribune News Service | Getty ImagesCarvana on Thursday said it expects to achieve positive adjusted earnings during the second quarter of…

A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois.Armando L. Sanchez | Tribune News Service | Getty ImagesShares of Carvana popped during early trading Wednesday after the embattled used car retailer…

A mascot of TripAdvisor is seen at its display at a trade fair.Axel Schmidt | ReutersCheck out the companies making headlines in midday trading.Carvana — Shares of the online car dealership fell more than 32% after Carvana's largest…

Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019.Brendan McDermid | ReutersShares of Carvana plummeted by nearly 40% in morning trading after the embattled online used car…

Pedestrians pass in front of a GAP store in New York.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading.Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named…

A Carvana used car "vending machine" on May 11, 2022 in Miami, Florida.Joe Raedle | Getty ImagesCarvana is laying off about 1,500 people, or 8% of its workforce, following a freefall in the company's stock this year and concerns around its…

Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCDETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap.He touted the company's "landmark" second-quarter results on Aug. 5, 2021 that included the used car retailer's…