Carvana ($CVNA) is facing criticism for its business practices as some investors express concerns about executive enrichment, cash burning, and shareholder dilution. The company is accused of holding back details on year-over-year growth expectations, with critics suggesting a post-earnings boost strategy. Additionally, Carvana sold 3 million shares under ATM during the second quarter, leading to ongoing selling pressure.
$CVNA loves to sandbag. They could have added more color to the YoY growth expectation in this 8k, but are holding back details for the for typical post-earnings pop. https://t.co/crvK25AfAh
$CVNA is a never ending executive enrichment, cash burning 🔥, & shareholder dilution ponzi machine … https://t.co/lXR4BMgfMb
$CVNA sold 3 million shares under ATM during second quarter.
.... and they are NOT yet done SELLING!! $CVNA https://t.co/bgRPdN7WjT https://t.co/x8YHLFCDQz
Not long now. After market close. https://t.co/iZJGMwXv9u