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  "documentTitle": "Carvana Co. (CVNA)",
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  "presentationDate": "2023-06-15 00:00:00",
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  "notes": "The chart highlights a significant drop in days of supply for 2023 compared to previous years, specifically noting a -13% year-over-year change.",
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      "text": "1. Consumer confidence decreased in April... 2. April monthly credit card spending data...",
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      "text": "Used days' supply are down 8 days to 44 y/y (-13%). Of particular relevance to Carvana given its customer base skews toward sub-prime and lower priced car buyers...",
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      "text": "These used market dynamics present an inventory management headache for every used car retailer but particularly for Carvana...",
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      "text": "overall purchasing plans for homes, autos, appliances, and vacations all pulled back in April. — The Conference Board",
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      "text": "Source: Cox Automotive, May 12, 2023",
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