1 Unstoppable Growth Stock Up 945%: Is It a Missed Opportunity?
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, (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?
Source Fool.com
Carvana Co. Stock
€122.40
2.380%
With 7 Buy predictions and 7 Sell predictions the community is currently undecided on Carvana Co..
The target price of 41 € compared with the current price of 122.4 € for the stock indicates a negative potential of -66.5%.
