Now That It's Soared 876%, Is It Too Late to Buy Carvana Stock?

Shares of Carvana are soaring after the company posted a surprise profit in first quarter earnings. While this may all sound unconventional, the business model resonates with consumers. In today's world, shoppers do not want to be inundated with aggressive sales tactics or marketing campaigns. Carvana's approach to buying cars is highly efficient, as it removes a lot of the friction from going to a dealership. But though tech-enabled services for buying cars might sound appealing, Carvana's business isn't a ...