Up 157% in 2023: Has Carvana Really Made Any Progress?
(NYSE: CVNA) shares have soared 157% year to date as of this writing, and during the first quarter, the used car retailer posted its best first-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin in company history, improved its total gross profit per unit (GPU) and reduced costs.
That means the company is well on the road to recovery, right?
Not so fast. Let's dig into a couple of key metrics and figure out how much progress Carvana really made during the first quarter.
Source Fool.com
Carvana Co. Stock
€117.26
-0.070%
With 7 Buy predictions and 6 Sell predictions the community is currently undecided on Carvana Co..
However, we have a potential of -65.03% for Carvana Co. as the target price of 41 € is below the current price of 117.26 €.
