Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023 (Sujeet Indap/Financial Times)

Sujeet Indap / Financial Times:
Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023  —  Online used-car dealer's cost cuts pay off even as sales volumes lag pandemic frenzy  —  Ernie Garcia insisted for years Carvana …