![]() ![]() In truth, the members of this unfortunate club-Peloton, Etsy, Robinhood, Roku, Moderna, and DocuSign, among others-hail from industries whose near- and long-term outlooks were affected by the pandemic in vastly different ways.Ĭarvana presents a prime example of this misappropriation. As the post-pandemic landscape begins to take shape, it’s time to acknowledge that the “pandemic stock” moniker became too broadly affixed on disparate companies. “I think that’s a mischaracterization in the sense that our market wasn’t created by the pandemic, or wasn’t materially altered by the pandemic,” Garcia said. consumers have bought roughly 40 million used cars annually “for a very long time.” Carvana certainly benefited from the isolation-induced shift to digital car shopping, but as Garcia told me for a Fortune article published Tuesday, U.S. While fellow “pandemic stocks” like Zoom and Netflix saw their markets artificially boom over the past two years, Garcia argues that his company, the nation’s largest online used vehicle dealer, operates in an industry largely detached from the disruption. ![]()
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