Could This $24.23 Stock Be Your Ticket to Millionaire Status? (Spoiler: Yes, It Could)

Its stock is down, making its price more attractive.If you're looking to add a potentially powerful grower to your long-term stock portfolio, I've got a stock, recently trading for $24.23 per share, to suggest: Chewy (CHWY 0.25%), the retailer specializing in products and services for pets. Image source: Getty Images. If you look at its recent stock performance, though, it's not encouraging: Time Period Average Annual Return Past 1 year (35.31%) Past 3 years (18.64%) Past 5 years (27.19%) Source: Data from Morningstar.com as of Feb. 12, 2026. Yikes, right? But remember -- as investors, we need to be looking forward, not back. We need to be thinking about how the company will perform from here on out. After all, if it sported a track record of double-digit gains, we couldn't be sure that they would continue. ExpandNYSE: CHWYChewyToday's Change(-0.25%) $-0.06Current Price$24.23Key Data PointsMarket Cap$10BDay's Range$24.02 - $24.6852wk Range$24.02 - $48.62Volume8MAvg Vol7.7MGross Margin28.58% Here's how Chewy (and, most likely, your other investments) could make you a millionaire: Growing at 8% For $12,000 Invested Annually 5 years $70,399 10 years $173,839 15 years $325,825 20 years $549,144 25 years $877,271 30 years $1,359,399 35 years $2,067,802 40 years $3,108,678 Calculations by author via Investor.gov. Here's why Chewy seems a promising proposition: It's growing: Its third-quarter results featured revenue up 8.3% year over year and gross profit margins rising by half a percentage point. It's finding great success with its Autoship service, which results in fairly reliable revenue and recently accounted for a whopping 84% of revenue! Net sales per active customer have been inching up in recent years. Its stock seems reasonably priced, too, with a recent forward-looking price-to-earnings (P/E) ratio of 24 well below its five-year average of 73, and a recent price-to-sales ratio of 0.82, well below its five-year average of 1.35. It does face risks, such as competition from Amazon and Walmart, but it's grown despite them. And its customers are especially loyal to Chewy. I wouldn't count on Chewy alone to carry you to millionaire status, but it could certainly be one of the growth stocks and/or growth funds that does.Read NextJan 28, 2026 •By Selena MaranjianWhy Now Is a Great Time to Buy Chewy Stock (CHWY)Dec 10, 2021 •By Dan CaplingerChewy Is Down, but This Stock Is Really in the DoghouseSep 1, 2021 •By Dan Caplinger2 Top Stocks Getting Hammered After HoursMar 30, 2021 •By Dan CaplingerThese 2 Stocks Just Gave Investors Good News -- Even in a Falling Stock MarketDec 28, 2020 •By Dan CaplingerStock Markets Soar, but Investors Are Fleeing These 2020 High-Flyer StocksNov 10, 2020 •By Dan CaplingerHow Far Will These Stock Market Favorites Fall?About the AuthorSelena Maranjian is a contributing personal finance and investing expert at The Motley Fool. Selena has produced The Motley Fool’s nationally syndicated newspaper feature since 1997. She is the author of The Motley Fool Money Guide and Investment Clubs: How to Start and Run One the Motley Fool Way, and the co-author of The Motley Fool Investment Guide for Teens and several editions of The Motley Fool Investment Tax Guide. Prior to The Motley Fool, she worked as a high school teacher and public opinion analyst. She holds a master’s degree in teaching from Brown University and a master’s degree in finance from the Wharton School of the University of Pennsylvania.TMFSelenaStocks MentionedChewyNYSE: CHWY$24.23 (0.25%) $0.06*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.