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Down 97% From 2022 Highs, 1 Thing Carvana Stock Can Teach Investors

Down 97% From 2022 Highs, 1 Thing Carvana Stock Can Teach Investors

Last year was a huge wake-up call for many businesses, especially Carvana (NYSE: CVNA). Elevated inflation forced the Federal Reserve to rapidly hike interest rates, and it has created a softer macro environment that completely changed the company's prospects in a short amount of time. In fact, here is one important thing that Carvana's impressive rise and now pronounced struggles can teach investors.