Carvana has secured a new US$1.66 billion Senior Secured Term Loan B facility, giving the company room to redeem its 9.00% Senior Secured Notes due 2030 and extend its debt schedule. The move is expected to lower Carvana's cash interest costs by about US$45 million per year over the next four years. The new loan comes after a second quarter in which management reported higher revenue and net income compared with a year earlier, and ahead of its appearance at the J.P. Morgan Automotive Conference on 12 August 2026. The stock's recent performance shows mixed momentum, with a 9.37% 30-day share price return and a 3-year total shareholder return that is very large, while the year-to-date share price is still down 10.06% and the 1-day move slipped 2.91% to US$72.00. Analysts in the most followed Carvana narrative see fair value at $82.83, above the last close at $72.00, framing the new loan against already optimistic long-term expectations.
Carvana CoSecures $1.66B loan to refinance high-interest notes, cutting annual cash interest costs by ~$45M.
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