Carvana (CVNA) Stock Looks Strong On Returns But Expensive On Earnings

Carvana stock has delivered a very large 3 year return, yet current valuation checks lean expensive and raise questions about how much of that recovery is already priced in. Carvana has returned about 7.7x over the past 3 years, which sets a high bar for any further upside case grounded in fundamentals. Recent headlines about record operating metrics and a large debt refinancing can support confidence in the business. At the same time, the federal investigation involving minority investor...