The travel industry has been thriving this year as consumers are still making up for lost time due to the pandemic. And one of the companies that has been doing particularly well is Carnival Corp. (NYSE: CCL). The cruise line operator has been reporting fantastic results this year, and shares of the company are up 87% already in 2023. Is it too late to invest in the stock, or can shares of Carnival continue climbing higher?

Carnival has been one of the hottest stocks on the market this year, but that doesn't mean investors have recouped all their losses due to the pandemic. In January 2020, shares of Carnival were trading north of $50. Today, the stock remains down around 70% from those levels.

The good news, however, is that the rally might continue as the company has been performing incredibly well.

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Source Fool.com