Carvana’s stock turnaround is remarkable. After nearly unraveling in 2022, the company rebounded with record revenue and profit. Joining the S&P 500, Carvana crushed short sellers with a 10,000% rally. CEO Garcia credits survival to a resilient team. Wall Street sentiment has shifted, with Morgan Stanley now bullish on Carvana.

Robinhood, known for the 2021 meme stock frenzy, has also rebounded. Joining the S&P 500, founders forgo $500 million bonuses to boost profitability. Revenue fell, but cost-cutting measures paid off. Robinhood’s growth and profitability impress analysts, positioning it as a financial powerhouse.

Coinbase, the largest crypto exchange, soared after joining the S&P 500. Revenue jumped 54%, net income increased, and trading activity surged. Despite a crypto sell-off, stablecoin legislation drove Coinbase to all-time highs. Wall Street anticipates the CLARITY Act as a catalyst, praising Coinbase’s institutional focus.

Read more at Yahoo Finance: How 3 of the market’s biggest 2022 losers ended up in the S&P 500 this year