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or, Carvana's $8.00 stock price would have to increase more than 4,300% to reach it's high price of $375-ish a little over a year ago.Carvana today is valued at 1.5billion dollars. Carvana at its peak was valued at $31billion*, all of GM is valued at $50bill.While I was at CARS.com, its market valuation was about $1-2billion. I vividly recall thinking Carvana should buy Cars.com (or cargurus) and Carvana could use Cars.com's GIANT army of sales reps to roll out Carvana's Dealer Partner program. What a giant miss for Carvana.*https://ycharts.com/companies/CVNA/market_cap
or, Carvana's $8.00 stock price would have to increase more than 4,300% to reach it's high price of $375-ish a little over a year ago.
Carvana today is valued at 1.5billion dollars. Carvana at its peak was valued at $31billion*, all of GM is valued at $50bill.
While I was at CARS.com, its market valuation was about $1-2billion. I vividly recall thinking Carvana should buy Cars.com (or cargurus) and Carvana could use Cars.com's GIANT army of sales reps to roll out Carvana's Dealer Partner program. What a giant miss for Carvana.
*https://ycharts.com/companies/CVNA/market_cap
