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Carvana's recent earnings report showed many cracks in its business model
In this episode, Motley Fool Contributor, Connor Allen, breaks down Carvana's (CVNA -4.00%) future -- which does not look good. Its weak balance sheet combined with a high cash burn displayed in its most recent earnings report has put this company in a precarious position. Buying puts might be the best way to benefit from this stock.
*Stock prices used were the after-market prices of Nov. 11, 2022. The video was published on Nov. 15, 2022.
Connor Allen has positions in The Trade Desk. The Motley Fool has positions in and recommends PubMatic, Inc. and The Trade Desk. The Motley Fool has a disclosure policy.
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