From Penny Stock to Index Star! Carvana's Incredible Rise to the S&P 500!

What few would have thought possible has become a reality. Carvana (CVNA) has transformed from a nearly failed favorite among short-sellers to one of the new stars in the S&P 500 in just three years. With a digital business model, rapid price rally, and growing market power, the online used car dealer is writing one of the most spectacular comeback stories in stock market history. Following the announcement, the stock surged nearly 9% in pre-market to just under $435. Carvana and the Digital Revolution in Used Car Sales Carvana has fundamentally...