June 12 (Reuters) - Private equity firm Kerrisdale
Capital said on Monday that it was short on shares of used car
retailer Carvana Co, adding the company will never
generate sustainable positive cash flow until its debt is
equitized.
(Reporting by Nathan Gomes in Bengaluru; Editing by Shweta
Agarwal)
Carvana Co. is a holding company. The Company operates an e-commerce platform for buying and selling used cars. On the Company's platform, consumers can research and identify a vehicle, inspect it using its 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle, and schedule delivery or pick-up, all from their desktop or mobile devices. It also provides automated vehicle valuations for buying vehicles from customers with or without a retail purchase, automated financing, vehicle service contracts (VSC), auto insurance, GAP waiver coverage, limited warranty, and other ancillary products. It offers pick-up and delivery options, including pick-up at its vending machines or hubs, and as soon as same day deliveries, depending on the market. The Company's in-house customer advocates are available to answer customer questions that arise throughout the process.
CARVANA CO. 
