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Up 200%, Is Carvana Stock a Buy?

Up 200%, Is Carvana Stock a Buy?

Up almost 200% year to date, Carvana (NYSE: CVNA) is one of many beaten-down stocks posting a significant recovery in 2023. Carvana's existential challenges remain -- and that includes its cash burn and general weakness in the used car industry. What went wrong for Carvana?