Is Carvana worth $1?

… (Bloomberg) -- Carvana Co. shares plunged to the lowest in more than five years after a Morgan Stanley analyst pulled his rating on the auto retailer and said the stock could be worth as little as $1.

Is Carvana a target for short sellers?

In particular, Carvana became a target for short sellers, with nearly 40% of its available shares being sold short at one point in 2022. This resulted in a remarkable 97% loss in the value of Carvana's stock.

Where is Carvana based?

There is some discrepancy with the headquarters location, some resources say it’s in Tempe, AZ, but on the company’s press releases, they mention a Phoenix, AZ base. In a Carvana review of the company’s inventory, they note the ability to shop more than 13,000 vehicles on their website, and they have as fast as next day delivery.

How much does it cost to trade in your car with Carvana?

trade in your car with carvana GET YOUR OFFER Carvana Certified 2020ChevroletSilverado 1500 Double Cab LT 6 1/2 ft• 15,624miles $39,990 Est.$638/mo $2,000cash down Free Shipping Carvana Certified 2021ChevroletColorado Extended Cab Work Truck 6 ft• 18,374miles $31,590 Est.$513/mo $1,000cash down Free Shipping Carvana Certified 2019Ram1500 Crew Cab