Carvana's stock has experienced a remarkable turnaround, soaring from $3.72 in December 2022 to approximately $253 as of October 31, 2024, representing a 6700% increase in less than two years. The company's market capitalization has surged from $394 million to $52 billion over the same period. This dramatic rise is attributed to better sales and lower costs, as well as better-than-expected third-quarter earnings. Carvana reported a revenue of $3.66 billion, a 31.81% year-over-year increase, and an EPS of $0.64, beating expectations by $0.39. The stock rose 25% in a single session, marking a significant recovery from its near-collapse in 2022. CEO Ernest Garcia has played a crucial role in navigating the company through financial challenges, including negotiating with creditors to manage debt obligations. The stock is up 62x from its bottom, creating a short-seller nightmare.