Last week, Carvana reported its first-ever decline in annual sales which they attributed to rising interest rates. The company's current operations rely on Carvana to bear the cost of picking up and delivery and heavy advertising.
“We need to see either further [increases in car sales] or an improvement in per-unit profitability to sustainably see positive cash flow,” said Daniel Imbro, a stock analyst at Stephens.
Humana profit beats as medical costs ease on slow elective-care rebound | Reuters
Stephens Private Wealth Management Hires Nashville Financial Consultant Ryan Cernoch as Vice President