Can Carvana Stock Double Your Money Between Now and 2030?

Carvana (NYSE: CVNA) has taken its shareholders on a bumpy ride. Shares of the online vehicle retailer surged 33-fold from its initial public offering in April 2017 to its all-time high in August 2021. Monster growth boosted market sentiment.However, those gains slowed dramatically due to macro headwinds, which exposed Carvana's precarious financial position. To its credit, the business has improved its situation dramatically in recent years, and the shares have skyrocketed 5,120% in the past 25 months. With this e-commerce stock still trading 33% off its peak, can Carvana double your money between now and 2030?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool