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Carvana's (NYSE:CVNA) latest quarter was touted as the best in company history. It was surely an eventful quarter as the company was able to use the magic of financial engineering with its debt holders to inject liquidity into its
Carvana: Failing Business Model On The Road To Nowhere
Summary
- Carvana reported its best quarter in company history, with a significant increase in gross profit per unit and a drop in net loss margin.
- The company has been cutting costs aggressively, particularly in SG&A expenses, to improve its EBITDA and net income.
- CVNA's business model is still failing compared to competitors like CarMax, which is profitable and has a stronger brand presence.
Nine to 5 by day. Hobbyist stock trader by night. I got an MBA and a CFA ... so that should count for something. I only care about my own greedy interests and I love feeding trolls. Not your financial advisor. Information for entertainment purposes only. Diamond hands are forever.
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