CVNA - Carvana Earnings: My Unshakable Bullish Perspective Now Less Controversial
2024-02-23 04:23:08 ET
Summary
- Carvana delivered strong results and improving profitability.
- Carvana's business model simplifies the car-buying process and has seen significant increases in gross profit and operational efficiency.
- Despite carrying a significant amount of debt, Carvana's strong cash flows position it well to negotiate better terms with lenders and continue its growth trajectory.
Investment Thesis
Carvana (CVNA) delivers yet another set of strong results. And I love reading through comments on Seeking Alpha to see what investors think. And I also love the fact that I, and I alone, have been bullish on this stock since December....
Carvana Earnings: My Unshakable Bullish Perspective, Now Less Controversial