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?

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Source Fool.com