New Zealand markets close in 17 minutes
  • NZX 50

    11,180.48
    -55.24 (-0.49%)
     
  • NZD/USD

    0.5885
    -0.0027 (-0.46%)
     
  • NZD/EUR

    0.5624
    -0.0021 (-0.37%)
     
  • ALL ORDS

    7,082.90
    -58.10 (-0.81%)
     
  • ASX 200

    6,891.70
    -51.70 (-0.74%)
     
  • OIL

    89.16
    -0.07 (-0.08%)
     
  • GOLD

    1,836.20
    -5.30 (-0.29%)
     
  • NASDAQ

    14,565.62
    -271.95 (-1.83%)
     
  • FTSE

    7,470.16
    -40.56 (-0.54%)
     
  • Dow Jones

    33,002.38
    -430.97 (-1.29%)
     
  • DAX

    15,085.21
    -162.00 (-1.06%)
     
  • Hang Seng

    17,215.98
    -115.24 (-0.66%)
     
  • NIKKEI 225

    30,634.89
    -603.05 (-1.93%)
     
  • NZD/JPY

    87.8180
    -0.2400 (-0.27%)
     

Carvana: Buy, Sell, or Hold?

Carvana: Buy, Sell, or Hold?

Vehicle e-commerce platform Carvana (NYSE: CVNA) has been a lemon for shareholders since the stock peaked at $370 per share in 2021, only to plunge to the low single digits over the past two years. Financial problems have plagued the business, but shares spiked 30% recently after first-quarter earnings showed progress in the company's cost-cutting efforts. After looking at the numbers, here is my view on whether investors should buy, sell, or hold Carvana stock.