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I think it's easy to dunk on Carvana. There are legitimate reasons to do that. This was also a case where you saw the growth story come apart in a number of ways and they were really focusing on that. They acquired a used car wholesaler called Adessa with an already stretched balance sheet, they took on another $3 billion worth of debt. I know they got into trouble with a couple of states simply because they weren't able to process their own paperwork fast enough to certify title.
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