Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is It Time to Buy Carvana Stock?

TheMotleyFool

0 0

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.