
Popular e-commerce platform for buying and selling cars Carvana Co. (CVNA) has a very high short interest. It has a short float of 48.4%. In this piece, I have discussed why it could be wise to avoid this stock now.
CVNA’s EPS and revenue failed to surpass the analysts’ estimates in the fourth quarter. Its loss per share was $5.21 higher than expected, while its revenue was 6.9% below the consensus estimate.