At the beginning of 2023, Carvana (NYSE:CVNA) stock was trading at $5. A massive rally ensured, and CVNA stock currently trades near $80. It’s the dream of every investor to get a 10-bagger or 20-bagger in a matter of a year. However, not all penny stocks fire.An important point to note is that the rally in CVNA stock is not purely speculative. While the e-commerce platform for buying and selling used cars faced challenges, financial metrics showed improvement. Without getting into details, the point I want ...