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?
Yahoo Finance’s Ines Ferre joins the Live show to discuss Carvana stock.
Carvana (CVNA) closed 5% higher after rallying as much as 33% on Thursday. Shares of the used car platform had rallied a total of 111% over the previous five sessions.