The stock market can be harsh and unforgiving, yet it also presents opportunities for remarkable turnarounds. Carvana (NYSE: CVNA) is a prime example. Despite Carvana teetering on the edge of bankruptcy, CVNA stock has staged an incredible comeback, soaring by over 800% in the past year. CVNA 1-year stock price chart. Source: Google Finance The company currently carries a significant debt load of $6.3 billion and trades at a 110x price-to-earnings (P/E) ratio. Simultaneously, default rates on car loans have ...