CVNA - 1 Unstoppable Growth Stock Up 945%: Is It a Missed Opportunity?
2024-05-20 09:00:00 ET
When its market cap was at just $400 million in December 2022, shares of this online used car retailer were down 99% from their peak price. It looked like the pessimism and doubt couldn't get any higher.
But things have turned around in a major way. The business in question, Carvana (NYSE: CVNA) , now sports a market cap of $14 billion. And the growth stock has surged a whopping 945% just in the past 12 months.
Even though shares are still 68% below their all-time high (as of May 15), is Carvana now a missed opportunity for prospective investors who didn't gain from the monster rally?
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1 Unstoppable Growth Stock Up 945%: Is It a Missed Opportunity?