If you've observed Carvana (NYSE: CVNA) in recent years, the transformation is astonishing. The stock dropped below $5 in late 2022 due to bankruptcy concerns, recovered to around $260 in 2024, and has soared 130% in 2025 — recently trading close to $472.
Online used car dealer Carvana is winding down a banner year. Some of the fiscal metrics that should arguably be improving this year are moving in the wrong direction.
Carvana stock has surged 95x since the beginning of 2023. The business made a pivotal shift by increasing operational efficiency and reducing debt levels.
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