Carvana named Yahoo Finance’s Worst Company of the Year, shares down 98% year-to-date

JARED BLIKRE: Welcome back. As we announced last week, Costco is Yahoo Finance’s Best Company of the Year. But what about our Worst Company of the Year? To discuss, we’re joined by Senior Columnist Rick Newman and Senior Autos Reporter Pras Subramanian. I guess the beans have been spilled here, so I can just let it out of the bag. Actually, I–

SEANA SMITH: Tell everyone.

JARED BLIKRE: Tell everyone.

SEANA SMITH: We want to know.

RICK NEWMAN: Yeah, the worst company of the year is Carvana. And just look at the numbers with Carvana. I mean, the stock is down, I think, 97%. It’s lost about the same amount in terms of value. There are some questions about whether it’s going to have enough liquidity to keep going. Speculation about a possible Chapter 11 filing at some point in 2023. And the interesting thing about Carvana, guys, is it’s actually a pretty cool concept. It’s not like–

finance.yahoo.com/video/carvana-named-yahoo-finance-worst-204819083.html?.tsrc=rss

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