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entertaininvesting

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entertaininvesting

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Thursday, 05/04/2023 4:33:09 PM

Thursday, May 04, 2023 4:33:09 PM

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The BEST earnings ever reported! Gross margin on car sales up 43% yoy.

The company projected a positive EBITDA on 2nd half of this year.

Debtholders are converting the notes into common stocks resulting lower interest expense.

What a great turnaround - with used cars getting expensive, Carvana gets a lion's share as it now owns Adesa (largest car auction network).
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