---
title: Carvana has pulled off one of the greatest comebacks in stock market history.
description: "Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company offers vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support.\n\nComment by Next100 baggers on X: \"The stock had to rally 9,900 % just to crawl out of a 99 % draw-down, so even at $345 it’s still below the 2021 peak. The turnaround is real, SG&A per unit has fallen from roughly $4.7 k to $2.2 k, gross profit per unit has doubled to about $6.4 k, and the $5.7 B debt deal pushed maturities out to 2030 but fundamentals now carry a premium price tag. \n\nAt $345 the market cap is roughly $75 B and enterprise value about $50 B, versus Street FY25 EBITDA estimates near $2.1 B, which puts you in the mid 20s EV/EBITDA range while retail unit volume is still shrinking. Fantastic comeback trade, much tougher fresh entry\".\n\nSource: Brew markets"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Carvana has pulled off one of the greatest comebacks in stock market history.](https://blog.syzgroup.com/syz-the-moment/carvana-has-pulled-off-one-of-the-greatest-comebacks-in-stock-market-history)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 9, 2025, 8:49:57 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/carvana-has-pulled-off-one-of-the-greatest-comebacks-in-stock-market-history)

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