Re:Carvana to Cut 1,500 Jobs as Online Auto Dealer’s Trouble...
by zachshefska on Friday November 18, 2022 @03:28PM
(#33661566)
Carvana is destined for acquisition or bankruptcy. They have WAY too much inventory that they overpaid for. Consumer demand has plummeted and new car supply is bouncing back (up 78% year over year). They have too much debt on their books to make the model work. Good thing the CEOs dad cashed out when he did.
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