Alarm Bells, Too Much Credit, Health of Housing 7/19/23
The Exchange
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Carvana Shares Surge 43% Today
Shares of Carvana surged as much as 43% today. The company reported a narrower than expected loss and almost doubling in gross profit per unit from the previous year. But it's also Carvana's billion-dollar debt reduction that's really catching investors' attention. Does the street really think this financial engineering will pay off? Or is this just a short squeeze?
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