Schafer is bracing for an in-line results since the industry's correction eases, but a positive setup into the second half.
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Inflation continues to be the Central Banks important focus moving forward with beneficial signs within the offing. Markets are still pricing inside of a 50-fifty chance of one more rate hike in This fall as services inflation remains elevated and productivity growth lags.
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"Chasing the stock higher would necessitate an upward revision to CVNA's long-term used car market share expectations, which we don't think recent results substantiate," analyst Alexander Potter wrote in a very Thursday Take note.
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