Reported about 1 month ago
Since the beginning of 2023, Carvana's stock has skyrocketed by 3,270%, outperforming Nvidia's 785% rise. The e-commerce car retailer, initially struggling with bankruptcy risks, has improved its financial situation and fundamentals, showing positive earnings recently. However, with a significant long-term debt of $5.6 billion and competition in the fragmented automotive market, prospective investors are cautioned about the risks involved. Carvana's immense growth raises questions about whether it’s too late to invest.
Source: YAHOO