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With a market capitalization topping $24 billion, Carvana has seen a tremendous jump in its market valuation. Carvana’s purpose is to change the way people buy and sell cars by taking the ...
Online car dealer Carvana's stock was left for dead only a few years ago — when it fell a whopping 97% in 2022. ... per Bloomberg consensus estimates, up 32% from a year ago, though lower than ...
Carvana's results from the last few months of the year topped analysts' forecasts. But the car-selling platform's shares dropped more than 13% after its revenue per vehicle sold retail declined.
Carvana stock was 90% off its 52-week stock price as interest in the company collapsed. [17] On November 4, 2022, Carvana's stock price dropped around 40% following its poor third-quarter financial results. The total number of used vehicles sold declined by 8% to 102,570. Analysts blamed rising borrowing costs and elevated used-car prices. [22 ...
However, none of this can justify the stock's soaring valuation. Carvana is valued at $28 billion, which is more than twice the average analyst estimate for 2024 sales and over 160 times the ...
With an enterprise value of $38 billion, Carvana's stock might seem cheap at two times its projected sales and 22 times its adjusted EBITDA for 2025 -- but it looks less compelling at 128 times ...
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