Carvana ($CVNA): Thoughts Before 22Q4 Call (Update #3)

Current Trend of Lower Units, Cost Efficiencies vs Cost Cutting, Liquidity, Short Float %, and Equity Raise or Debt-for-Equity Swap.

Stock Price as of 2.6.2023: ~$13.43 / Share

Note: This was originally added to the CVNA Research Notes on 2/6/2023. After this date, I started making CDLX Research Notes as individual posts as well, which I have personally found to be quite helpful for quickly referencing. Therefore, I wanted to do the same with the previous CVNA Research Notes.

(#3) 2.6.2023: Thoughts Before 22Q4 Call

Below I discuss:

• Current Trend of Lower Units

• Cost Efficiencies vs Cost Cutting

• Liquidity

• Short Float %

• Equity Raise or Debt-for-Equity Swap