Carvana (CVNA) Jumps 130% YTD: What Should Investors Do Now?
CVNACarvana (CVNA) ZACKS·2024-07-09 23:06

Carvana’s (CVNA) comeback story has truly been remarkable. The used car e-retailer that was on the verge of bankruptcy in 2022 has turned heads with its epic turnaround. After plummeting 98% in 2022, Carvana emerged as the top-performing auto stock of 2023. It was the biggest gainer on the Russell 3000 last year. CVNA continues its stellar run on the bourses, with the stock surging around 130% so far this year, outperforming its peers, including CarMax (KMX) , AutoNation (AN) and Lithia (LAD) .YTD Price Per ...