E-Commerce’s Red-Hot Cash-Burn Problem

The online furniture seller Wayfair, W 3.83% as well as the online used-car sellers Carvana CVNA 2.70% and Vroom, VRM 0.60% are among cash-burning internet retailers that will—within a few years—need to raise external financing or repay maturing debt to avoid a cash crunch, according to a report from Stifel that aims to track cash burn among small to midsize internet companies.