Carvana stock is up 200% since the start of 2024
CVNACarvana (CVNA) Finbold·2024-08-02 17:27

Almost two years ago, Carvana (NYSE: CVNA) was tethering on the brink of bankruptcy as it experienced a sharp 27% decline in used car sales throughout 2022, which caused its stock to plummet below 5atonepoint.Sincethen,CVNAstockhaspostedanimpressiverecovery,surgingover3,5005 at one point.Since then, CVNA stock has posted an impressive recovery, surging over 3,500% and gaining almost 200% in 2024 alone; this resurgence and return to profitability make for one of the most remarkable stories on the stock market recently, surging from 48.87 on January 1 to $146.52 as of the latest clo ...