- Entry
- $69.53
- Now
- $70.25 +1.0%
- Target
- —
- Score
- —
**Looking back on 2023**, Carvana’s stock fell from split-adjusted $69 to $.81 (that is 81 cents). What caused this downhill plummet? **Management will tell you it was growing pains.** Over leveraged debt, inefficient process, and operational challenges. **The reality is the near extinction of Carvana stemmed from inflation**. As core CPI hit 5-6% Carvana’s profit on loans and vehicles dried up. The car business is cyclical and highly competitive, but Wall street has priced Carvana like a tech stock with …
— ORIGINAL POST ·
Why Is Inflation the Kiss of Death for Carvana? (CVNA)
· r/wallstreetbets
· May 22, 2026