Carvana Adds Over $10B to Market Cap in 2024: Too Late to Buy Stock?

Used car auto e-retailer Carvana's (CVNA) pivot from an aggressive growth strategy to operational efficiency and cost-cutting has been paying off really well. CVNA stock is having a great time on the bourses. So far in 2024, shares have rocketed 165%, handily outperforming the Auto-Tires-Trucks sector and its close peers like CarMax (KMX) , AutoNation (AN) , Lithia Motors (LAD) and Sonic Automotive (SAH) . This rally has added more than $10 billion to Carvana's market capitalization in 2024 alone. With such ...