Best Stock to Buy Right Now: Amazon vs. Carvana

When Carvana (NYSE: CVNA) went public in 2017, the bulls claimed it could become the "Amazon (NASDAQ: AMZN) of used cars." It streamlined the car buying process with its online marketplace that delivered cars straight to the customer's door.But Carvana went through some wild swings after its market debut. It went public at $15, closed at a record high of $370.10 on Aug. 10, 2021, then plummeted to its all-time low of $3.72 on Dec. 27, 2022. At the time, inflation curbed the market's appetite for big-ticket purchases, while rising interest rates made auto loans a lot less appealing.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool