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Carvana (NYSE: CVNA) updated investors about its upcoming quarter. The figures showed impressive progress toward cutting costs and improving profit margins. This video will highlight what the latest announcement means for Carvana investors.
Carvana is trying to get out from under an onerous debt pile, but lenders seem reluctant to play along.
While Carvana (CVNA) seems to be pivoting on a better path, it still has lots to prove. Unless the company shows continued tangible progress on meeting its targets, it is better to remain on the sidelines.