Is Carvana Stock a Millionaire-Maker?
Despite taking shareholders on a wild roller coaster ride since its initial public offering (IPO) in 2017, (NYSE: CVNA) has been a massive market outperformer. Since that time, it has generated a whopping 958% return, crushing the broader S 500 index. Strong revenue gains have been the key driver.
Investors who might have missed the boat are staring at a growth stock that is still 68% below its peak price. Perhaps sizable investment returns are on the horizon.
Can Carvana stock become a millionaire-maker over the long term?
Source Fool.com
Carvana Co. Stock
€140.84
2.010%
Currently there is a rather positive sentiment for Carvana Co. with 10 Buy predictions and 6 Sell predictions.
However, we have a potential of -0.6% for Carvana Co. as the target price of 140 € is below the current price of 140.84 €.
