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Used-car seller Carvana has little room upside, says Piper Sandler

Carvana’s recent rally may be reaching its end, according to Piper Sandler. The company’s shares rose more than 20% this week after Carvana announced better-than-expected second quarter results and an agreement to restructure approximately $5.2 billion in debt on Wednesday. However, Piper Sandler’s long-term outlook on the company’s share in …

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