The only thing Carvana may be delivering in the months ahead is more pain to investors.
The online used car seller — a former pandemic darling that has now become one of the most hated stocks on Wall Street as it fights for its survival — is on the cusp of running out of cash, Jefferies analyst John Colantuoni warned in a note.
“For perspective, our model has Carvana running out of cash in 1Q23 without an additional infusion,” Colantuoni stated. “The deterioration in liquidity was…
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