CVNA - Is Carvana Stock a Millionaire-Maker?
2024-05-14 05:39:00 ET
Despite taking shareholders on a wild roller coaster ride since its initial public offering (IPO) in 2017, Carvana (NYSE: CVNA) has been a massive market outperformer. Since that time, it has generated a whopping 958% return, crushing the broader S&P 500 index. Strong revenue gains have been the key driver.
Investors who might have missed the boat are staring at a growth stock that is still 68% below its peak price. Perhaps sizable investment returns are on the horizon.
Can Carvana stock become a millionaire-maker over the long term?
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Is Carvana Stock a Millionaire-Maker?