Is Carvana's Bumpy Ride Finally Over?
If you've ever driven past one of 's (NYSE: CVNA) car vending machines and thought, "That can't possibly be a real business model," you're not alone. After skyrocketing during the pandemic and then crashing just as hard, the stock became a cautionary tale for growth-at-any-cost investing.
But its bumpy ride might finally be smoothing out. Recent tariff changes are making new cars more expensive than used ones by a large margin, and the company's artificial intelligence (AI)-driven pricing system appears to be delivering real profits. Its recent record-breaking quarter could be the sign investors have been waiting for that now is the time to shift gears and buy into Carvana.
Image source: Getty Images.
Source Fool.com
Carvana Co. Stock
€53.29
-9.890%
The stock is an absolute favorite of our community with 59 Buy predictions and no Sell predictions.
With a target price of 402 € there is potential for a 654.36% increase which would mean more than doubling the current price of 53.29 € for Carvana Co..
