CVNA - If You Invested $1000 in Carvana in 2017 This Is How Much You'd Have Now
2023-04-11 06:05:00 ET
Perhaps no other stock has been as polarizing over the past year as Carvana (NYSE: CVNA) . The online marketplace for used cars was a Wall Street darling for a long while, with rampant growth and its disruptive potential on every investor's mind.
Fast forward to today, and it's a wildly different story, with the company's financial struggles on full display. Some think the business is doomed, while others believe it's simply hitting a temporary rough patch.
If you were one of those investors who put $1,000 into Carvana during its initial public offering (IPO) in April 2017, you would be sitting on a balance of $810 right now, good for a loss of 19% (as of April 6). Meanwhile, the S&P 500 and the Nasdaq Composite index are up 73% and 102%, respectively, during the same time. So, what happened with this business? Continue reading to find out about the Carvana story .
For further details see:
If You Invested $1,000 in Carvana in 2017, This Is How Much You'd Have Now