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