CVNA - Carvana Stock: Buy Sell or Hold?
2023-06-20 13:13:00 ET
We're nearly halfway through this year and Carvana (NYSE: CVNA) has outperformed nearly every other stock on the market so far.
The online used car dealer is up 434% through June 16. That's mostly a function of the e-commerce stock entering the year with rock-bottom expectations, as a number of analysts had written the company off for dead. Indeed, Carvana's formerly soaring growth ground to a halt last year. The stock plunged as much as 99% as losses mounted and bankruptcy seemed imminent. However, Carvana's business now seems to be stabilizing.
With the stock up more than fivefold this year, it's only natural to ask if Carvana is still worth buying. Let's take a look at the buy, sell, and hold arguments.
For further details see:
Carvana Stock: Buy, Sell, or Hold?