Forget Carvana: Billionaire Investor Dan Loeb Just Bought This Other Inflation-Proof Car Stock Instead

The automotive market is facing inflation-driven headwinds, but one sector of car retail looks good right now. The stock market has gotten off to a sizzling start in 2024. Both the S&P 500 and Nasdaq Composite have gained roughly 11% on the backdrop of strong tailwinds in the technology and energy sectors in particular. Despite a strong stock market, there are some challenges in the macroeconomy that are tough to ignore. Namely, inflation has remained stubborn and unusually high compared to historical level ...