Here's Exactly How Carvana Is Slashing Down $1.2 Billion of Debt -- Does This Signal a Magnificent Buying Opportunity?"
It's only July, but it seems fair to call Carvana (NYSE: CVNA) the comeback stock of the year.
Shares of the online used car dealer, which seemed to be heading toward bankruptcy at the beginning of 2023, are now up 980% year to date after the company solidified its recovery with news of a debt restructuring, a new equity offering, and a better-than-expected second-quarter earnings report. Altogether, the stock jumped as much as 43% on Wednesday.
There's a lot to unpack here, so let's go over the details:
Source Fool.com
Carvana Co. Stock
€98.01
-1.390%
Currently there is a rather negative sentiment for Carvana Co. with 4 Buy predictions and 7 Sell predictions..
The target price of 37 € compared with the current price of 98.01 € for the stock indicates a negative potential of -62.25%.
