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Is Carvana Stock a Buy Now?

Is Carvana Stock a Buy Now?

Carvana's (NYSE: CVNA) stock price plummeted 97% this year as investors fretted over the online used car dealer's slowing growth, widening losses, and exposure to macroeconomic headwinds. What does Carvana do? Carvana was founded 10 years ago, and it aimed to disrupt traditional user car dealerships with two main strategies.