Carvana: Improving Operating Leverage Justifies Its Valuation Premium (NYSE:CVNA)

Core Insights - Carvana Co. (NYSE: CVNA) has demonstrated resilience against cash flow pressures, emerging as a stronger business than previously anticipated [1]. Company Analysis - The initial expectation was that Carvana would struggle with cash flow issues, but the company has proven this assumption wrong by strengthening its business model [1]. Analyst Background - Dilantha De Silva, an experienced equity analyst with over 10 years in the investment industry, has a focus on small-cap stocks often overlooked by Wall Street [1].