It's burning cash, its debt trades at distressed levels, and it's running out of good options to raise money.
Used car dealer Carvana (CVNA -0.36%) is burning cash and has a growing pile of debt. Shares may look cheap after the huge sell-off, but the company's cash crunch is getting worse. In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain what's going on, and why investors should probably avoid this stock.
*Stock prices used were from the afternoon of March 17, 2023. The video was published on April 9, 2023.
Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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