How Carvana Went from Near Bankruptcy in 2022 to the S&P 500 in 2025
Carvana, an online used-car retailer, nearly went bankrupt in 2022 due to rising interest rates and high inflation. However, the company stabilized operations, improved efficiency, and returned to growth, leading to its addition to the S&P 500 in December 2025. This marked a dramatic turnaround with a 10,000% stock rally from 2022 lows. Analysts now have a Strong Buy consensus on CVNA stock, with a price target of $466.83 per share.
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