Missed the 2,400% Run-Up in Carvana? 3 More Beaten-Down Stocks Ready to Zoom Higher
CVNACarvana (CVNA) investorplace.com·2024-05-17 08:05

Over the past 18 months, shares of online used car dealer Carvana (NASDAQ:CVNA) staged a miraculous turnaround. Many expected to hear about a bankruptcy filing, not a rally. But beginning in January 2023, Carvana stock did just that and rocketed over 2,400% higher. The stock has already more than doubled so far this year. Furthermore, there are more beaten-down stocks you should consider. This was a company that consistently lost money (it had never been profitable) and suffered from a lack of inventory due ...