Why Is Everyone Talking About Carvana Stock?
For years, Carvana (NYSE: CVNA) was one of the fastest-growing stocks on the market.
The online used car dealer put up a remarkable streak of 23 straight quarters of triple-digit revenue growth as it spread across the country with its simple and convenient way of selling used cars, taking much of the hassle out of a process that many Americans disliked.
The pandemic briefly hit pause on the company's rocket-like rise, but sales soared again in 2021 as used car prices surged due to increased demand caused by the pandemic and a chip shortage that constrained new car manufacturing.
Source Fool.com
