Carvana
stock rose Tuesday after the used-car retailer announced it is adopting a net-operating-loss poison pill.
Net operating losses, or NOLs carryforwards, are a tax provision allowing businesses to carry over losses in one year and deduct them from future years’ profits, therefore lowering future income taxes.
Carvana
(ticker: CVNA), in an announcement on Tuesday morning, said the plan took effect on Jan. 16 and will continue until Jan. 15, 2026.
Source: https://www.barrons.com/articles/carvana-poison-pill-nol-carryforward-losses-stocks-51673967389?siteid=yhoof2&yptr=yahoo