CVNA - Carvana and Carrols Were 2 of the Biggest Winners in 2023 Up Over 1100% and Over 400% Respectively. Here Are 3 Stocks With Similar Setups for 2024.
2023-12-27 10:00:00 ET
It's a general truth about the stock market that share prices tend to follow business fundamentals over the long term. Therefore, if a company can grow its business strongly over five years, there's a good chance that its stock price will follow.
Yet, shorter-term stock moves don't always seem so logical. Take two of the biggest winners of 2023: online car-buying platform Carvana (NYSE: CVNA) and Burger King franchisee Carrols Restaurant Group (NASDAQ: TAST) . These two stocks absolutely crushed the S&P 500 this year. But one wouldn't have expected these sensational returns considering their lackluster revenue results over the past year.
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Carvana and Carrols Were 2 of the Biggest Winners in 2023, Up Over 1,100% and Over 400%, Respectively. Here Are 3 Stocks With Similar Setups for 2024.