Bullish sentiment has taken over Wall Street, as evidenced by both the S 500 and Nasdaq Composite index being in record territory. Even some businesses that have been labeled as riskier are seeing their share prices soar.

That's especially true with (NYSE: CVNA). The online used car retail stock skyrocketed over 1,000% in 2023. It has continued its impressive run so far this year.

Before you buy the shares, which are still 77% below their peak price, here are three must-know facts about Carvana.

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Source Fool.com