Reported about 23 hours ago
Carvana's stock has skyrocketed 4,000% over the past two years, with a tripling in value during 2024, following a significant recovery from a 99% drop in December 2022. After a series of layoffs and an increase in used-car sales, the company has surpassed profit expectations. Despite concerns about potential accounting issues raised by Hindenburg Research, many analysts remain optimistic, maintaining 'buy' ratings with price targets suggesting further growth. The outlook for Carvana's stock as we approach 2025 remains mixed, with some analysts forecasting it may reach around $330.
Source: YAHOO