Is Carvana Really Going Bankrupt?
Bankruptcy is a legal proceeding that occurs when a company is unable to meet its debt obligations and needs to be restructured -- a process that usually results in common stockholders being completely wiped out.
Let's discuss three reasons why online used car dealership Carvana (NYSE: CVNA) could be on the path to this unfortunate scenario.
Like many e-commerce companies, Carvana performed well during the height of the COVID-19 pandemic, with revenue soaring by 42% and 129% in 2020 and 2021, respectively.
Source Fool.com
