Is Carvana’s Stock Overvalued Compared To CarMax?
- Monday, September 28, 2020, 7:11
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E-commerce based used-car retailer, Carvana’s P/S (price-to-sales) multiple of 2.7x is higher than the figure of 0.9x for CarMax, a used-car industry leader. So, is Carvana stock too expensive compared to CarMax stock? We believe that Carvana stock is currently overvalued compared to CarMax stock…
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