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#22 Gatekeepers of Automotive media, Carvana avoiding bankruptcy, Integrating AI into your car, Making EV batteries obsolete, CDG’s announcement for 2024 | Cliff Banks, Founder, The Banks Report

Car Dealership Guy Podcast

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The Sentiment Around Carvana's Bankruptcy

It was certainly an open question and it seemed like and frankly, we had this conversation in December. I think the parties that that bondholders and the executives of board at Carbonac came together and created a win. It's some level the shareholders were hurt in terms of with the stock price. Obviously, stock price went up, but over time, I mean, I think it's better for the shareholders if you have a company that's still in play.

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