This January 7, 2023 Fortune article features our prescient bearish call on Carvana (CVNA) from June 2022 and fall of the stock with the popping of the ‘everything bubble’ in 2022. At the time, we named Carvana our first Zombie Stock and pointed out the real risk of the stock going to $0. Since our report, Carvana’s stock is down 75% while the S&P 500 is up 2%. See all our research on Carvana here.
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This article was originally published on January 13, 2023.
Disclosure: David Trainer, Kyle Guske II, Matt Shuler, and Italo Mendonca receive no compensation to write about any specific stock, sector, style, or theme.