Should You Buy Costco Stock Right Now?

Shares of Costco Wholesale (NASDAQ: COST) have been on a tear since the pandemic began in March 2020. The stock price tacked upward another 6.4% in just the last month following another strong earnings report.

After delivering a market-smashing return of 223% over the last five years, the stock's price-to-earnings (P/E) ratio stands at a high 40 times forward earnings estimates.

Let's see why investors are so bullish on Costco, and whether investors should buy this stock at these high valuations.

Source Fool.com