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Carvana: Buy, Sell, or Hold?

Carvana: Buy, Sell, or Hold?

Vehicle e-commerce platform Carvana (NYSE: CVNA) has been a lemon for shareholders since the stock peaked at $370 per share in 2021, only to plunge to the low single digits over the past two years. Financial problems have plagued the business, but shares spiked 30% recently after first-quarter earnings showed progress in the company's cost-cutting efforts. After looking at the numbers, here is my view on whether investors should buy, sell, or hold Carvana stock.