Carvana Is Beaten Down Now, But It Could 10x
The Motley Fool
JULY 22, 2023
To say that Carvana (NYSE: CVNA) was a Wall Street darling would be a gigantic understatement. From its initial public offering in April 2017 to its all-time high in August 2021, the stock skyrocketed an eye-watering 3,230%. Investors would struggle to find a return like this elsewhere in the market. The used-car e-commerce platform was growing like wildfire thanks to its disruptive potential in a massive industry.
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