Carvana Co. Class A Aktie News

PHOENIX--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, was recognized by the NAFA Fleet Management Association (NAFA) at its annual Institute & Expo (I&E) as a top Commercial Fleet for 2024 in the Americas. NAFA is the fleet industry's largest membership association, with organizations across the public and commercial sectors. NAFA's selecti...

In 2023, Carvana (NYSE: CVNA ) traded as a penny stock after plunging from an all-time high of $360. At the time, investors soured on the name, and it looked like CVNA's days were numbered.

A challenging used car market could be a headwind for its results in 2024. Carvana is scheduled to give its next update to investors on May 1.

Volatility is rising in the stock market. Between the recent hot inflation data and mounting geopolitical tensions, investors are starting to reassess the broader economic environment.

One year ago, Carvana looked like a company heading for bankruptcy. One year later, Carvana stock is up nearly 10x, and on track to earn solid EBITDA this year, says J.P.

Carvana is benefiting from normalizing consumer behavior.

A sizable debt burden and a lack of profits introduce financial risk for this business. This company will struggle to post consistent growth in a higher rate environment.

Planes, trains and automobiles. They're what makes the world go round and they drive businesses large and small.