Carvana stock slid about 7% on Thursday on a downgrade from JPMorgan (), pausing a series of short squeeze-fueled rallies that have sent shares of the online car retailer up 643% year to date. ...

For full-year 2022, Carvana posted a net loss of $2.9 billion, while gross profit per unit -- its second most important metric -- dropped from $4,537 to $3,022.

From being on the brink of collapse in 2022, used car e-retailer Carvana Inc. CVNA has staged a remarkable comeback. The stock rocketed more than 1000% in 2023 and tacked on another 284% last year.