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Fortune
Fortune
Sheryl Estrada

After a meteoric rise and equally epic fall, Carvana’s stock is up more than 500% in a year. But one top analyst thinks the ride gets rougher from here

(Credit: Getty Images)

Everyone likes a comeback story. Carvana shares have gained more than 500% over the past year and reached a new 52-week high of $136.92 on Friday. But analysts are debating whether the Fortune 500 company, whose CFO is a former Wharton professor, can keep up the pace.

Carvana, an e-commerce platform for buying and selling used cars, was founded in 2012 and went public in 2017. Carvana cofounder and chair Ernie Garcia has served as president and CEO since the company’s founding, while CFO Mark Jenkins came on board in July 2014. Before joining Carvana, Jenkins was a professor in the finance department at The Wharton School of the University of Pennsylvania for five years teaching undergraduate, MBA, and executive education programs. 

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