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Following a brutal stretch of trading last year, shares of Carvana (NYSE: CVNA) rebounded early in 2023 and are up roughly 76% year to date. Despite some strong positive price momentum for the online used-car dealer's lately, the company's share price is still down roughly 98% from its peak.
Is Carvana's comeback still just warming up, or is it bound to run out of gas? Read on to see bullish and bearish cases presented by two Motley Fool contributors.