Carvana Collapse and the Used Car Market

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Carvana is experiencing some absolute carnage right now as their stock price is plummeting and they are at risk of complete failure. I mean, just look at this stock chart.

If we look at their stock price back when they IPO'd all the way back in 2017, they hit a low of about $8.20 and soon after, they embarked on an upward trajectory that was just printing money for all investors involved. Especially when we get to 2020, when all the free money started to get printed, they just went on an absolute tear, peaking out in August of 2021 at about $376 per share.

But as they say, good times never last. And when the tough times come, only the good companies will survive.

Time Codes
00:00 Carvana at Risk of Insolvency
01:18 Carvana Risk Management in Dire Need
03:07 Price in Used Cars Decline as New Cars get Shipped Out

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I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

#Carvana #UsedCars #MarketCollapse