Carvana's Turnaround Tale: Is This High-Flying Stock Still a Buy? [Yahoo! Finance]
Carvana Co. Class A (CVNA)
Last carvana co. class a earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
Carvana, an e-commerce platform for buying and selling used cars, thrived when pandemic restrictions limited in-person car shopping. The company's stock soared during these years, reflecting heightened consumer demand and growth potential. However, as the world returned to normalcy in 2022, Carvana's fortunes took a stark downturn. It faced a perfect storm of challenges in the form of rising interest rates, ballooning vehicle prices, heavy debt burdens and eroded profit margins. These factors led Carvana's stock to plunge nearly 98% that year, leaving many investors questioning the company's survival. But against all odds, 2023 turned into a year of remarkable revival for Carvana, with the stock surging over 1,000% amid aggressive cost-cutting and a strategic debt restructuring. And the growth story just doesn't seem to end. Year to date, the stock has rallied 354%, breezing past the broader market and its close peers, including CarMax KMX, AutoNation AN and Sonic Automotive SAH.
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CVNA
News
- Carvana Expands Same Day Delivery to Las VegasBusiness Wire
- Carvana to Present at Upcoming RBC Capital Markets Global Technology, Internet, Media and Telecommunications ConferenceBusiness Wire
- Carvana and Jimmie Johnson Redefine Fast In Same Day Delivery Ad CampaignBusiness Wire
- This Former Pandemic Stock is Quietly Crushing the Market [Yahoo! Finance]Yahoo! Finance
- Carvana Co. (NYSE: CVNA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $260.00 price target on the stock, up previously from $110.00.MarketBeat
CVNA
Earnings
- 10/30/24 - Beat
CVNA
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- CVNA's page on the SEC website