Carvana's recent debt restructuring has sparked a significant surge in its stock, rising 43% after announcing a plan to eliminate 83% of its unsecured note maturities. Despite a disastrous 2022, marked by a 98% drop from its peak, the company is showing signs of recovery with a better-than-expected earnings report. Investors are cautiously optimistic as the restructuring aims to reduce total debt by over $1.2 billion.
