Valued at a market cap of $47.4 billion, Carvana (CVNA) operates an online platform where you can buy and sell used cars. CVNA is among the hottest stocks in the market, rising close to 600% over the last 52 weeks. Since the start of 2023, Carvana stock has risen by a monstrous 4,650%.
Despite its market-thumping returns, CNVA stock still trades 39% below all-time highs, as it shed more than 90% during the bear market of 2022.
