After a tumultuous 2022 that saw the business teetering on the edge of bankruptcy, (NYSE: CVNA) has risen like a phoenix from the ashes. The stock is up a ridiculous 863% in 2023 through the end of July, a return any investor would love to see over a decade-long span, let alone seven months. 

The used car e-commerce company has now reported two consecutive financial reports that indicate it's heading in the right direction. And investors are certainly taking notice of the progress, bidding up the share price in no time. 

With the strong momentum surrounding the stock and the business, is it smart to buy, sell, or hold Carvana? Let's take a closer look.

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Source Fool.com