If I'd Bought $1,000 Worth of Carvana Stock at the Start of the Year, Here's How Much I Would Have Today
Shares of (NYSE: CVNA) cratered in 2022, finishing last year down 98%. This continued a slide that started after the stock hit its all-time high in August 2021.
But this year has been a wildly different story with shares up a whopping 762%. This means a $1,000 investment in the used car online retail business at the start of the year would be worth over $8,600 today. That crushes the gains posted by the S 500 and Nasdaq Composite.
Investors are clearly warming up to the stock once again. Let's take a closer look at what's been happening with Carvana -- and whether that optimism makes sense.
Source Fool.com