CVNA - Now That It's Soared 876% Is It Too Late to Buy Carvana Stock?
2024-05-13 14:55:00 ET
One of the most intriguing case studies in the capital markets over the last couple of years is Carvana (NYSE: CVNA) .
The automobile industry got rocked during the peak of the pandemic as manufacturing and production became strained. Furthermore, working from home became common, with fewer people commuting to an office each day. As a result, the used car market witnessed a renaissance as people chose to trade in their vehicles -- and Carvana was a major beneficiary of this trend.
With shares up 876% in just the last year, some investors may think it's too late to scoop up some shares. Let's explore the investment prospects of Carvana and assess if now is good opportunity to buy the stock.
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Now That It's Soared 876%, Is It Too Late to Buy Carvana Stock?