CVNA Stock Rallies 500% in a Year: Does Its Premium Valuation Hold Up?

Used car e-retailer Carvana (CVNA) has been one of the most fascinating comeback stories in recent years. From being on the brink of bankruptcy in 2022 amid high debt and operational inefficiencies, Carvana has made heads turn with its epic turnaround. From trading below $5 at the end of 2022, the stock has shot up around 38 times since then. Shares of CVNA closed at$191.92 yesterday. Over the past year, shares of CVNA have rocketed more than 500%, breezing past the broader market and its close peers, incl ...