CVNA - Carvana's Giant Crash: Before Betting on a Turnaround Check Out This Stock First
2023-04-16 05:07:00 ET
Carvana (NYSE: CVNA) has been an abject disaster for investors, with skyrocketing cash burn and a mountain of debt it's struggling to deal with, and a stock down 97% from its high. Instead of buying Carvana and hoping for a turnaround, Motley Fool contributors Jason Hall and Tyler Crowe discuss Lithia Motors (NYSE: LAD) , an old-school car dealership owner that's proven it can make money while making the pivot to the tech-focused online experience car buyers want today.
*Stock prices used were from the afternoon of March 28, 2023. The video was published on April 16, 2023.
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Carvana's Giant Crash: Before Betting on a Turnaround, Check Out This Stock First