CVNA Stock Skyrockets 196% in a Year: Is it Still Worth Buying?

Carvana (CVNA) has staged a jaw-dropping comeback from once being on the verge of collapse. Year 2023 marked Carvana’s remarkable revival after a 98% plunge in 2022, and the rally continued in 2024 as well.  The used-car e-commerce player defied the odds, bouncing back through deep cost cuts and a debt overhaul—reviving investor interest in one of the pandemic era’s most dramatic stories.Over the past year, CVNA stock has rocketed 196%. In contrast, its closest competitor CarMax (KMX) declined 5% in the sam ...