(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?

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Source Fool.com