Carvana: Buy, Sell, or Hold?
Vehicle e-commerce platform (NYSE: CVNA) has been a lemon for shareholders since the stock peaked at $370 per share in 2021, only to plunge to the low single digits over the past two years.
Financial problems have plagued the business, but shares spiked 30% recently after first-quarter earnings showed progress in the company's cost-cutting efforts. The stock is still down more than 97% from its highs, so is this an opportunity to sell on a bump or the beginning of a comeback?
After looking at the numbers, here is my view on whether investors should buy, sell, or hold Carvana stock.
Source Fool.com
Carvana Co. Stock
€122.30
8.430%
Based on 7 Buy predictions and 6 Sell predictions the sentiment towards Carvana Co. is rather balanced.
On the other hand, the target price of 41 € is below the current price of 122.3 € for Carvana Co., so the potential is actually -66.48%.
