1 Reason Carvana Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague
After tanking 98% in 2022, (NYSE: CVNA) shares are bouncing back nicely this year. They have soared a whopping 752% in 2023 (as of Aug. 21), a clear sign of renewed optimism from investors.
The used car e-commerce company is winning over shareholders by posting better-than-expected financial results. But that doesn't mean it's time to automatically rush into buying the stock now.
Let's look at one obvious reason that Carvana's stock is a screaming buy and one reason investors should stay away.
Source Fool.com
Carvana Co. Stock
€125.78
-8.570%
Based on 9 Buy predictions and 7 Sell predictions the sentiment towards Carvana Co. is rather balanced.
On the other hand, the target price of 120 € is below the current price of 125.78 € for Carvana Co., so the potential is actually -4.6%.
