Carvana: A Crisis Disguised As A Fairy Tale (NYSE:CVNA)


Used-Car Giant Carvana Teeters On The Edge Of Bankruptcy

Joe Raedle

Background

After its 2Q23 earning release and debt restructuring announcement on July 19, Carvana (NYSE:CVNA)’s stock skyrocketed 50%+ and closed above $55/share. Its 8x YTD stock performance left its peers AutoNation (AN) and CarMax (



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