Is Carvana Stock a Millionaire-Maker?
Despite taking shareholders on a wild roller coaster ride since its initial public offering (IPO) in 2017, (NYSE: CVNA) has been a massive market outperformer. Since that time, it has generated a whopping 958% return, crushing the broader S 500 index. Strong revenue gains have been the key driver.
Investors who might have missed the boat are staring at a growth stock that is still 68% below its peak price. Perhaps sizable investment returns are on the horizon.
Can Carvana stock become a millionaire-maker over the long term?
Source Fool.com
Carvana Co. Stock
€97.49
1.380%
Our community is currently low on Carvana Co. with 3 Buy predictions and 7 Sell predictions.
A target price of 33 € results in a potential of -66.15% which would mean heavy losses compared to the current price of 97.49 € for Carvana Co..
