Poster Trashes Carvana

While I recommended shorting Carvana (CVNA @ $39.21) largely because of the strained balance sheet which as of June 30, 2023 shows a stock worth $6.96B despite carrying $8.3B of debt and with stockholder’s equity of a NEGATIVE $697M…or $758M when subtracting the $61M worth of goodwill.

But today I was comforted in my short position by two comments from a…