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Carvana holders gird for worst with credit risk, losses mounting

The retailer burned through $2B of cash in six months

Bloomberg News

It took Carvana Co. just a few years to grow from a startup to the second-biggest used car seller in the US. Its downfall may be even faster. The company burned through $2 billion of cash over the six months ended March 31 by one measure, and some analysts forecast it will be broke by the end […]

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