Reported 2 days ago
Carvana Co. has experienced a staggering 10,000% increase in its stock price since late 2022, reaching an all-time high and causing significant losses for short-sellers, totaling $7.42 billion. This remarkable recovery follows the company's strong second-quarter results and marks a sharp turnaround after facing criticism and a steep decline in value. Analysts see potential for continued growth as Carvana's unique online business model sets it apart from traditional auto dealers.
Source: YAHOO