carvana

Carvana's stock is once again on the rise, harking back to its high-flying days during the pandemic. However, the bonds of this used-car dealership hint at a looming risk of default.

The fluctuations in the market may not be a reliable indicator of Carvana's future prospects. Rather, its past and how its largest shareholder managed to thrive amidst struggles, while leaving some investors discontented, may provide a better roadmap.

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