Carvana (CVNA) Jumps: Too Good To Be True?

Carvana (CVNA) is seeing a bit of a stock jump today, May 5th. George Tsilis joins Alex Coffey and Caroline Woods to discuss CNVA as its earnings were released yesterday, postmarket. Its adjusted EPS came in at -$1.51 versus an estimated -$1.92 and revenue came in at $2.61B versus an estimated $2.57B. He talks about how CVNA has done a good job dealing with some excess inventory, but the business is quite challenged financially from a structural standpoint. He goes over how the jump in the stock today could be due to short selling. He also notes that CVNA's 1Q retail units sold were down 25% year-over-year. Tune in to find out more about the stock market today.