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Is Carvana (cvna) a good stock to buy?

Carvana (CVNA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +4.3%, compared to the Zacks S&P 500 composite's +7.9% change.

What happened to Carvana Co (cvna)?

Carvana Co. (CVNA) has given its investors a wild ride, going from the teens several years ago to a peak of about $365 in 2021, followed by a sickening fall. It started this year at $4.74 a share as bankruptcy rumors flew. As of early November, it stands at $32.28,

Is Carvana a'meme' stock?

Carvana is not the only so-called meme stock to see significant rallies in the past few months. Other heavily shorted stocks, like GameStop Corp (NYSE:GME), are also rallying and outpacing the S&P 500 throughout the last month or so. In fact, S3’s basket of the 20 most shorted stocks is up more than 17% since September, beating the overall market.

What is Carvana's biggest problem?

Carvana's biggest issue over the last few years has been its debt load. After taking on more and more loans to rapidly build and acquire infrastructure for its used car marketplace, Carvana was caught off guard after the industry hit a wall when the Federal Reserve raised interest rates in 2022.

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