Carvana (NYSE: CVNA) is one of the highest-profile victims of the past year's tech bear market. Investors have dumped the unprofitable growth stock as they flock to safety in the face of high inflation, rising interest rates, and a weakening economy.

Consequently, the online automotive retailer has lost close to 99% of its value. Some investors may be wondering whether Carvana has become a bargain opportunity, but upon closer inspection, management's missteps have made this stock a non-starter -- here's why.

Carvana burst onto the scene with a vision to change the way consumers buy used cars. Instead of dealing with the salesperson at a dealership, customers can browse Carvana's large inventory and buy their vehicle through an online, no-haggle transaction. Purchases, trade-ins, and financing all take place on the same platform.

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Source Fool.com