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      "text": "We view the equity as a zero and investing at current levels is a worse deal than buying a clunker from a slick used car salesman.",
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      "text": "Disclaimer: As of the publication date of this report, Kerrisdale Capital Management, LLC and its affiliates (collectively, “Kerrisdale”), have short positions in and put options on shares of Carvana Co.",
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      "text": "We are short shares of Carvana Co. (CVNA), a $4bn market cap online platform for buying and selling used cars. Originally hyped up as an innovative disruptor, Carvana is now recognized to be just a poorly run auto retailer...",
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      "text": "Running on Empty",
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