It was a bad week for Carvana —and a bad week for used-car dealers. But some auto-dealer stocks might still be worth buying. After falling almost 40% this past week, Carvana (ticker: CVNA) is off an i...
Tag: Group 1 Automotive
New Car Sales Are Down, But Car Dealers Never Had It So Good
Salesman (right) at a Toyota dealership in El Monte, Calif., helps a customer. Getty Images For dealerships, higher margins per vehicle have more than made up for the drop in new-vehicle volume due to...