Why Investors Have Jumped Off The Carvana Bandwagon
KEY POINTS
-Carvana’s rapid growth during the coronavirus pandemic has since turned into a nightmare for investors amid rising interest rates, inflation and self-inflicted wounds.
-Shares of Carvana have fallen from an all-time high of nearly $377 per share to as little as $6.50 per share this week – a 98% decline.
-It has been a steady run of bad news and financial results since the stock’s peak, leading to concerns from investors about the company’s long-term trajectory.
Watch video Why Investors Have Jumped Off The Carvana Bandwagon online without registration, duration hours minute second in high quality. This video was added by user Financial News 08 December 2022, don't forget to share it with your friends and acquaintances, it has been viewed on our site 63 once and liked it 0 people.