Carvana Stock Up 892%, Redditors Cheer As Shorts Get Squeezed

August 1, 2023

in Markets

Reading Time: 6 mins read

Carvana stock has had a nice run so far in 2023 — soaring 892%.

With plunging revenue, a negative net worth, and a debt restructuring deal with considerable weaknesses, this Tempe, Arizona-based online used car dealer’s stock ended July down 88% from its July 2021 all-time high.

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Carvana Stock Up 892%, Redditors Cheer As Shorts Get Squeezed

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