Is Carvana Stock's Drop A Chance To Buy?
Bulls may be betting on a less visible aspect of Carvana (CVNA): the physical sites where the company prepares used cars for sale. You probably think of Carvana as an online platform, but management says it could sell more cars if it had more ready. The stock fell 27% in six months, however, while the S&P 500 gained 8.8%. That is the gap: management says more cars ready would mean more sales, yet the share price has fallen. So, is the capacity Carvana has been adding turning into more cars sold.
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