Did Carvana Just Save Itself? Here's What Investors Should Know
Well, (NYSE: CVNA) has had an interesting last few years.
After announcing a trifecta of improving earnings numbers, a debt restructuring, and an at-the-market (ATM) stock offering last week, shares of the online used car marketplace are now up about 780% year to date and were, at one point, up over 1,000%. The company has put in a giant recovery from its 2021 and 2022 woes, making it one of the best-performing stocks in the world in recent months. However, shares are still 88% off the high set during the stock market bubble of early 2021, likely due to continued fears over a lack of profitability and growth.
Did Carvana perform a financial engineering miracle and stave off a bankruptcy filing? Here's what investors need to know about the company's recent developments.
Source Fool.com
Carvana Co. Stock
With 7 Buy predictions and 6 Sell predictions the community is currently undecided on Carvana Co..
However, we have a potential of -65.22% for Carvana Co. as the target price of 41 € is below the current price of 117.88 €.
