With the major indices hitting fresh all-time records, investor optimism appears higher than ever before. This has created a favorable environment in which some of the most volatile stocks are soaring.

Just look at (NYSE: CVNA). Shares of the used car online retailer are up more than tenfold in just the last 12 months. Instead of buying the stock to maybe ride the momentum for near-term gains, the best perspective may be to think long term.

With that mental framework, let's consider: where will Carvana be 10 years from now?

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Source Fool.com