Carvana Stock is Down 98% YTD and The Situation is Likely to Get Worse
<p><a href='https://financialmodelingprep.com/financial-summary/CVNA'>Carvana (NYSE: CVNA)</a> stock has experienced a significant decline in 2022, with shares trading almost 98% lower year-to-date (YTD). Some media reports have suggested that the used car retailer could be at risk of bankruptcy.</p>
<p>Analysts at Wedbush provided their views on the company, stating that while bankruptcy is unlikely to be imminent, the situation for the company will only get worse. The analysts revised their estimates downward, now expecting 85,000 units to be sold in Q4, compared to their previous estimate of 94,000 and the Street estimate of 96,000. </p>
<p>The analysts believe that declining used car prices and an increase in Carvana's inventory levels, which stand at 87 days, are cause for concern. They recommend the company focus on reducing costs and leverage its unencumbered real estate to raise cash.</p>

NYSE:, CVNA