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CVNA - Here's My Top Growth Stock to Avoid in 2023
Carvana Co. Class A
2023-09-23 06:55:00 ET
One of the best-performing stocks in 2023 has been struggling used car marketplace Carvana (NYSE: CVNA) . Its shares are up nearly 800% as of this writing, crushing the gains of the broad market indices.
After a tumultuous year for Carvana in 2022, investors have quickly bid the stock up, but it still remains 88% off its peak price.
Even though this speculative company is benefiting from strong investor momentum, it's still my top growth stock to avoid in 2023. Here are three reasons why.