Is It Too Late to Buy Carvana Stock?
(NYSE: CVNA) was without a doubt one of the best-performing stocks on Wall Street not too long ago. From its initial public offering in April 2018 to its all-time high in late 2021, shares skyrocketed more than 3,200%. Investors were extremely bullish on the company's disruptive potential.
Starting in 2022, the business hit a bit of a rough patch as macroeconomic and industry conditions deteriorated somewhat. But as things start to stabilize, the stock is winning over investors once again.
Carvana has put up a monster 1,620% return since the start of 2023 (as of March 4). That's impressive. But does this mean that it's too late to buy this growth stock?
Source Fool.com
Carvana Co. Stock
€113.06
2.820%
Currently there is a rather negative sentiment for Carvana Co. with 3 Buy predictions and 7 Sell predictions..
The target price of 33 € compared with the current price of 113.06 € for the stock indicates a negative potential of -70.81%.
