From Nasdaq:

Carvana (NYSE: CVNA) stock has been on a rollercoaster ride recently, dropping 77% in 2022 and 2023. However, a recent surge saw the stock soar 800% due to positive financial results. Despite revenue and unit volume declines, Carvana saw a net income of $150 million in 2023, a significant improvement from a $2.9 billion loss in 2022. The company aims to disrupt the car-buying industry with a focus on user experience and cost-cutting measures. While the stock remains high-risk due to stalled growth, investors are hopeful for the future despite Carvana’s $5.5 billion debt burden.



Read more at Nasdaq: After Skyrocketing 800% in the Past 12 Months, Is It Time to Buy Carvana Stock?