This Stock Gained Over 800% in 2023. Is It Time for Investors to Take Profits and Move On?

Carvana (NYSE: CVNA) made headlines in late 2022 when the business appeared to be on the verge of bankruptcy. It ended up surviving, and investors have been handsomely rewarded, but it could be time to move on. In this video, Fool.com contributor Tyler Crowe discusses why he thinks so, and what stock he’d suggest investors look at instead.

*Stock prices used were the afternoon prices of Jan. 3, 2024. The video was published on Jan. 5, 2024.

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Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe 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. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

This Stock Gained Over 800% in 2023. Is It Time for Investors to Take Profits and Move On? was originally published by The Motley Fool

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