CVNA - 1 Reason Carvana Stock Is a Screaming Buy and 1 Reason to Avoid It Like the Plague
2023-08-23 10:24:00 ET
After tanking 98% in 2022, Carvana (NYSE: CVNA) shares are bouncing back nicely this year. They have soared a whopping 752% in 2023 (as of Aug. 21), a clear sign of renewed optimism from investors.
The used car e-commerce company is winning over shareholders by posting better-than-expected financial results. But that doesn't mean it's time to automatically rush into buying the stock now.
Let's look at one obvious reason that Carvana's stock is a screaming buy and one reason investors should stay away.
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1 Reason Carvana Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague