Where Will Carvana Stock Be in 3 Years?
(NYSE: CVNA) shares have been on an absolute tear this year, up over 700% so far. Despite a renewed sense of optimism surrounding the most speculative of growth tech stocks, this company has benefited from a new debt deal that should ease the company's financial stress in the near term.
But investors need to understand that this is still a very risky company. There's a lot of uncertainty as it relates to Carvana's long-term future.
However, if we assume that this used car retailer can continue improving its financial position and return to outsized growth again, where could the stock be in three years? Continue reading to see what I think about Carvana's prospects.
Source Fool.com
Carvana Co. Stock
€120.04
-3.380%
Currently there is a rather negative sentiment for Carvana Co. with 4 Buy predictions and 9 Sell predictions..
The target price of 41 € compared with the current price of 120.04 € for the stock indicates a negative potential of -65.84%.
