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Carvana Stock Surges on Profit
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Carvana achieves first annual profit of $450 million in 2023, reversing losses. Stock surges 30% post upgrades from analysts, trading at $70/share. Company in restructuring plan for positive unit economics and growth.
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How did Carvana manage to reverse its substantial losses and achieve a significant profit in 2023?
How might Carvana's success impact the competitive landscape of the automotive industry and online car sales market?
What specific strategies might Carvana be implementing in its restructuring plan to ensure positive unit economics and growth?
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