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This Is Carvana Stock's Biggest Risk

TheMotleyFool 
0 0 11.07.23
This Is Carvana Stock's Biggest RiskPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png
 

Shares of online used car retailer (NYSE: CVNA) are up more than 500% this year. That's not a typo. The heavily shorted stock has made an epic comeback after crashing hard in 2021 and 2022.

While the stock has gained ground, the company itself remains in dire straits. The biggest risk remains exactly the same as it was at the start of the year, and those buying the stock following this rally are unlikely to be happy with the end result.

While the stock market is full of speculators and gamblers driving stocks up and down, the bond market is usually a more serious affair. And right now, the bond market is saying that Carvana is a distressed company that's unlikely to survive this decade.

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Source Fool.com

Carvana Co. Stock

€65.37
1.890%
There is an upward development for Carvana Co. compared to yesterday, with an increase of €1.21 (1.890%).
With 57 Buy predictions and not a single Sell prediction Carvana Co. is an absolute favorite of our community.
As a result the target price of 81 € shows a positive potential of 23.91% compared to the current price of 65.37 € for Carvana Co..
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