Carvana Stock Is Joining the S&P 500. Should You Buy Shares Now?

Carvana (CVNA) stock is literally back from the dead. In December 2022, the stock was trading in single digits. Three years down the line, CVNA stock trades at $450 with potential for further value creation. The strong comeback from the brink of bankruptcy continues to gain traction. The latest feather in the cap is the announcement that Carvana will be joining the benchmark S&P 500 ($SPX) list of companies. That’s indeed a big turnaround from being the most heavily shorted stocks. More News from Barcha ...