Investors appear to be optimistic these days, as evidenced by a stock market that's near record territory. This bullish sentiment has worked wonders for some businesses with a prime example being (NYSE: CVNA).

The online used-car retailer has enjoyed an incredible run since the beginning of last year, soaring over 2,600%. It's even up 121% just this year. Is it time to ride the momentum and buy Carvana shares today?

One key factor that has propelled Carvana stock to new heights has been a string of solid financial results. The company just reported numbers for the first quarter.

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Source Fool.com