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Why Carvana Stock Lost 29% in April

TheMotleyFool 
0 0 05.05.23
Why Carvana Stock Lost 29% in AprilPhoto, wide shot, wide-angle lens, Bank, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/094456a7-d529-4ef2-b536-c031f2afd618.png
 

Shares of Carvana (NYSE: CVNA) pulled back again in April after the volatile online used car dealer continued to negotiate with its bondholders, and the economy showed signs of risk from the banking crisis and rising interest rates.

According to data from S&P Global Market Intelligence, the stock finished the month down 29%. As the chart below shows, much of those losses came in the last week of the month, even though there was no company-specific news out on Carvana then.

CVNA Chart

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Source Fool.com

Carvana Co. Stock

€65.37
1.890%
Carvana Co. gained 1.890% today.
The stock is an absolute favorite of our community with 57 Buy predictions and no Sell predictions.
With a target price of 81 € there is a positive potential of 23.91% for Carvana Co. compared to the current price of 65.37 €.
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