Carvana Expands Its Footprint. Will It Expand Its Losses?
Few people look forward to the process of buying a used car. Carvana (NYSE: CVNA) purports to upend the traditional used car lot experience and make it enjoyable.
Some investors have bought into the premise, bidding the stock price up 123% in one year. Meanwhile, the percentage of float shorted is currently 35%, as other investors just don't see it given company metrics.
Clearly there are strong emotions on each side of the investment coin. The idea of consolidating the used car business for better prices is a good one, but the company hasn't proven it can be done profitably yet.
Source Fool.com
