Much like Carvana's (NYSE: CVNA) share price over the past year, which has a 52-week range of $17.30 per share to $309, there is a wide range of opinions regarding the used car retailer's long-term bull thesis and the more current bear argument.

Let's look at some highlights of each, and see which case comes out on top.

Let's focus first on one major bear talking point: Carvana's ballooning debt.

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Source Fool.com