From Gravel Used-Car lots to Glittering Car ATM 

Carvana was a spectacular Pandemic Success Story, in the heydays of the market euphoria, Carvana was worth more than $60 Billion, and the CEO and his family’s stake in the company was worth $23 Billion. However, today Carvana is worth just $1 Billion.  

What Happened? 

Rapid expansion has increased company’s debt and liabilities to unsustainable level, high interest rates and inflation has crippled sales outlook, and with that the company’s ability to pay lenders has diminished considerably.  

The Wall Street darling and the Robinhood maniacs favorite stock is now running on fumes! 

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Source: OxBridge Research, Daily Stock Deals, PennyStockIQ 

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