Will Carvana Ever Be Profitable?

Carvana (NYSE: CVNA), the online used car seller known for its unique vending machines, has been one of the best-performing stocks on the market since its 2017 IPO, rallying a remarkable 947% since then. 

The stock has been propelled by an incredible streak of triple-digit revenue growth, which came to an end last November at 23 straight quarters. While its revenue growth has no doubt been impressive, the stock has been dogged by a lack of profitability, and some critics believe the company will never turn a profit, alleging that the business model is fundamentally flawed. Is Carvana really a lemon? Let's take a closer look.

Image source: Carvana.

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Source Fool.com