Carvana posts first-ever annual profit after it cuts debt, shares surge

Carvana reported its first-ever annual profit on Thursday, helped by its pact with bondholders to cut its outstanding debt by $1 billion.

Carvana posts first-ever annual profit after it cuts debt, shares surge
Carvana reported its first-ever annual profit on Thursday, helped by its pact with bondholders to cut its outstanding debt by $1 billion.