From Ashes to Glory: Is Carvana's Premium Valuation Worth It?

Zacks Investment Research Key Takeaways From being on the brink of collapse in 2022, used car e-retailer Carvana Inc. (CVNA) has staged a remarkable comeback. The stock rocketed more than 1000% in 2023 and tacked on another 284% last year. The momentum doesn't seem to be stopping. So far this year, the stock has surged 59%, handily outperforming the broader industry as well as peers like CarMax (KMX) and Lithia Motors (LAD) . In fact, shares of CarMax and Lithia Motors fell 15% and 5%, respectively, over th ...