Sell CVNA by May 20, 2026.

Carvana’s (CVNA) profit margins may be under duress and wildly overinflated by the reported earnings numbers. 1) CVNA reported adjusted EBITDA of $511 M, BUT without a truly massive income tax benefit this would have been a LOSS of over a hundred million dollars. 2) They reported an “other expense” charge of $2,158 M with no clarification. One interpretation is that this charge is somehow associated with the “income tax benefit,” but details were obscured and noticeably light. 3) There …