Up 1,000%, Is This Growth Stock Still a Buy in 2024?
(NYSE: CVNA) went from market darling during the dark days of the COVID-19 pandemic to a villain in the blink of an eye. The problem for Carvana was that its rapid growth was incredibly expensive and its operations were far from efficient.
Management pulled back drastically on growth efforts to refocus the company on becoming more efficient, and the results have looked impressive, sending the stock over 1,000% higher over the past year.
With such a run up, is it too late to buy into Carvana's rebound? Not so fast -- here are three charts that show the progress Carvana has made, as well as the remaining upside.
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%.
