However, some market participants might be concerned by Carvana's once meme stock status, which introduces a degree of speculation. Let's get stuck into a fundamental analysis – Below is a ...

during the apex of the meme stock rally. Those gains would have turned a $50,000 IPO investment into $1.23 million. Carvana's stock initially surged as used car sales skyrocketed in 2021.

Carvana Co. stock closed about 2% lower on Thursday ... especially for a company that’s been labeled a meme stock, a pandemic darling, and a bankruptcy risk,” the company said then.