Carvana Stock Plunges After Earnings. Warning Sign or Buying Opportunity?

Carvana (NYSE: CVNA) has been one of the best-performing stocks of the last three years.After avoiding bankruptcy at the bottom of the 2022 bear market, the online used car dealer stock has gained 700% over the last three years, and is up even more from its bottom. Worth noting: At the depths of that decline, it was down more than 98% from its peak. However, Carvana cut costs, restructured its debt, scaled back on its inventory and aggressive growth tactics, and rightsized the business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool