Is It Time to Buy Carvana Stock?
Carvana (NYSE: CVNA) stock's rapid rise during the COVID-19 pandemic has screeched to a halt and quickly reversed itself in the past year. Shares soared nearly 300% between Jan. 2020 through Aug. 2021, but investors soured on many "pandemic winners" during the recent bear market.
Adding to the uncertainty was Carvana's pricey acquisition of a used car auction business earlier this year, at a time when declining gross margins and rising debt levels were already weighing on its results.
Source Fool.com



