3 Hot Stocks That Have Already More Than Doubled in 2023
Carvana sells used cars nationwide, and its aggressive expansion at one point served up 23 consecutive quarters of triple-digit growth. Last year was rough for Carvana for a couple of reasons. The other problem is that the car reseller took on a lot of debt during its breakneck expansion, and with borrowing costs skyrocketing as interest rates revved up last year, Carvana creditors started to get nervous.