Why investors jumped off the Carvana train

Why investors jumped off the Carvana train

Ernie Garcia, CEO, Carvana Scott Mill | CNBC DETROIT – Last year, carvana CEO and co-founder Ernie Garcia took a lap of honor. He touted the company’s “historic” second-quarter results on Aug. 5, 2021, which included the used-car retailer’s first-ever quarterly net profit. He went on to discuss the rapid growth of “a group of …

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