Shares of Carvana Co. (CVNA), an e-commerce platform for buying and selling used cars, are rising more than 12% Thursday morning at $14.56.
The company today said it received "notable S&P Global Ratings upgrades and revisions of securitization loss assumptions due to capital structure de-leveraging and outperformance of S&P initial assumptions."
"We believe the ratings actions taken by S&P demonstrate our ability to originate high quality assets in our lending business as a result of disciplined underwriting practices that are complemented by our third party servicer's experience and expertise," said Meg Kehan, Carvana's Senior Director of Capital Markets.
CVNA is at $14.39 currently. It has traded in the range of $3.55 - $58.05 in the last 1 year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.