Carvana Is Now Down 31% This Year: Is CVNA a Toxic Stock or Ready to Rally?
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The fastest-growing name in used-car retail has turned into one of the group’s weakest performers. Carvana (NYSE:CVNA) stock is down 31% year to date (YTD) to $58.11 in afternoon trading, leaving it well behind its closest rivals. Selling used cars online and financing many of those purchases, Carvana depends on both vehicle margins and loan economics.
Meanwhile, CarMax (NY
The fastest-growing name in used-car retail has turned into one of the group’s weakest performers. Carvana (NYSE:CVNA) stock is down 31% year to date (YTD) to $58.11 in afternoon trading, leaving it well behind its closest rivals. Selling used cars online and financing many of those purchases, Carvana depends on both vehicle margins and loan economics.
Meanwhile, CarMax (NY
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