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.