Australia markets close in 1 hour 41 minutes
  • ALL ORDS

    7,460.10
    +18.10 (+0.24%)
     
  • ASX 200

    7,265.60
    +12.30 (+0.17%)
     
  • AUD/USD

    0.6692
    +0.0003 (+0.05%)
     
  • OIL

    78.96
    +0.76 (+0.97%)
     
  • GOLD

    1,766.40
    +2.70 (+0.15%)
     
  • BTC-AUD

    25,336.06
    +829.27 (+3.38%)
     
  • CMC Crypto 200

    402.33
    +13.61 (+3.50%)
     
  • AUD/EUR

    0.6464
    -0.0003 (-0.04%)
     
  • AUD/NZD

    1.0770
    -0.0014 (-0.13%)
     
  • NZX 50

    11,490.74
    +95.39 (+0.84%)
     
  • NASDAQ

    11,503.45
    -84.30 (-0.73%)
     
  • FTSE

    7,512.00
    +37.98 (+0.51%)
     
  • Dow Jones

    33,852.53
    +3.07 (+0.01%)
     
  • DAX

    14,355.45
    -27.91 (-0.19%)
     
  • Hang Seng

    18,229.32
    +24.64 (+0.14%)
     
  • NIKKEI 225

    27,858.16
    -169.68 (-0.61%)
     

Is Carvana Stock Really "Grossly Undervalued"?

Is Carvana Stock Really "Grossly Undervalued"?

Shares of used-car e-commerce company Carvana (NYSE: CVNA) are down more than 90% from their all-time highs in 2021. Piper Sandler analyst Alexander Potter believes the stock is "grossly undervalued." According to The Fly, Potter gave Carvana stock a price target of $73 per share earlier this month, suggesting around 180% upside.