Is It Too Late to Buy Carvana Stock?
(NYSE: CVNA) was without a doubt one of the best-performing stocks on Wall Street not too long ago. From its initial public offering in April 2018 to its all-time high in late 2021, shares skyrocketed more than 3,200%. Investors were extremely bullish on the company's disruptive potential.
Starting in 2022, the business hit a bit of a rough patch as macroeconomic and industry conditions deteriorated somewhat. But as things start to stabilize, the stock is winning over investors once again.
Carvana has put up a monster 1,620% return since the start of 2023 (as of March 4). That's impressive. But does this mean that it's too late to buy this growth stock?
Source Fool.com
Carvana Co. Stock
€122.30
8.430%
Based on 7 Buy predictions and 6 Sell predictions the sentiment towards Carvana Co. is rather balanced.
On the other hand, the target price of 41 € is below the current price of 122.3 € for Carvana Co., so the potential is actually -66.48%.
