If you've ever thought about buying a car online, you've probably heard of Carvana, the company with the giant car vending machines. But what you might not know is the wild ride its stock has been on, and why its comeback is making headlines.
Carvana's stock (CVNA) has seen an incredible rebound, making it a hot topic for investors and industry watchers.
After a dramatic 98% plunge from its 2021 peak of $376 to just $4 in late 2022, CVNA shares have surged over 1,000% in 2023.