How Carvana's Sputtering Shares Can Drive Higher
More than two years ago when the COVID-19 pandemic hit, investors piled into Carvana (NYSE:CVNA) stock as the company not only provided a simpler way to buy cars online but also already offered contactless delivery. Shares soared to tremendous highs before driving off a cliff over the past year after debt concerns caused investors to scatter.
If investors are to be lured back, and if Carvana is to drive shares higher once again, one key objective will be to increase its total gross profit per unit (GPU). Let's take a look at the used-car retailer's historic GPU and whether any speed bumps are on the road ahead.
Image source: Carvana's Q4 2021 presentation.
Source Fool.com
