An Interesting Big Name Is Betting on a Stellantis Turnaround -- Should You?
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Since 2024, Stellantis (NYSE: STLA), Ford Motor Company (NYSE: F), and General Motors (NYSE: GM) have traded completely separately despite their business similarities. General Motors has more than doubled in share price, while Ford has remained in neutral with a 2% decline over that timeframe, and Stellantis tumbled 70% lower. Sometimes, when opportunity knocks, investors should answer the door -- and sometimes the door is best left closed.One big name, Carvana (NYSE: CVNA), seems to be betting on a Stellantis turnaround and is scooping up dealerships, but should investors follow? Carvana is no stranger to growth after the company pumped major capital into its early expansion plans. Although Carvana has its notable and unique car vending machines, the used-car retailer primarily did business online. That's changing as the company evolves. Carvana scooped up yet another Stellantis dealership last week in its evolution to a hybrid sales model of online and in-person. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool