Analyst says General Motors stock is a Buy: 'Balance sheet is in great shape'

It's a battle of the auto stocks in this week's edition of Good Buy or Goodbye.
Freedom Capital Markets Managing Director Michael Ward tells Yahoo Finance's Josh Lipton that shares of General Motors (GM) are a "good buy" right now. Ward likes the automaker's balance sheet. He also says GM has a lot of cash on hand and an attractive valuation.
Ward is saying "goodbye" to Carvana (CVNA). Ward argues that the e-commerce vehicle seller has struggled to consistently generate positive cash from operations. He also says Carvana has to spend more money on marketing than traditional car dealers and he notes the price volatility the company faces in acquiring used cars. Overall, Ward says Carvana is "trading as a hyper-growth company and it's not."
#youtube #car #stockmarket
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance