Carvana, Robinhood, Coinbase: How 3 of the market’s biggest losers in 2022 ended up on the S&P 500 this year
Few changes in the stock market are as dramatic as that of Carvana (CVNA). The online used car retailer nearly collapsed in 2022, reversing eight straight years of margin improvement even as vehicle sales doubled from 2019 levels. Losses soared to nearly $2.9 billion amid growing bankruptcy concerns. The company has since recovered from the…