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Carvana Stock Is Up 200% in 2023: Is It a Screaming Buy Right Now?

Carvana Stock Is Up 200% in 2023: Is It a Screaming Buy Right Now?

Aggressive interest rate hikes by the Federal Reserve and other major central banks to help cool inflation that was at 40-year highs deserve some blame as they quickly shrunk valuation multiples for many stocks. Does this renewed optimism make Carvana a screaming buy right now? Carvana has been one of the top trending tickers on Reddit, the site that helped spur the meme-stock craze nearly two years ago.