Carvana Stock Is Soaring. Is It Too Late to Buy?

By Parkev Tatevosian, CFA – May 6, 2024 at 9:45AM

NYSE: CVNA

Carvana

Market Cap

$12B

Today's Change

(-2.35%) -$2.41

Current Price

$99.98

Price as of May 31, 2024, 4:00 p.m. ET

Carvana has adjusted well to unprecedented changes in the used car market.

Fool.com contributor Parkev Tatevosian considers whether Carvana (CVNA -2.35%) stock is an excellent investment today.

*Stock prices used were the afternoon prices of May 2, 2024. The video was published on May 4, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.