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The issue here -
CVNA is 92% owned by institutions and companies -
IF CVNA was carrying the same valuation as KMX, it would be at $50 -
It's overdue to "break" - it'll be fun watching the funds trying to get out -
It broke at beginning of Dec '24 (80 point drop in a month, 30%)
and then again in mid Feb '25 (120 point drop in a month, 40%) - less than 3 months -
it's now been over 3 months and the climb has been astonishing - more than doubled.
Something soon will trigger the avalanche - maybe the foolish ROOT deal, that'll never work -
Maybe an SEC investigation - there's rumors already -
It's coming.... The valuation here is beyond insane.
Right now, it's at 343.50
I have July 18th puts - I think it starts the implosion before the 4th of July.
CVNA 1 month
CVNA, not good
CVNA, new 52 week high
CVNA, new 52 week high, 10 Q due 2/19
CVNA, new 52 week high
CVNA! New 52/week
CVNA - Shorts Squeezed
I'll Alert you of stocks to Buy,
before the Run happens !
____________________________________________
What is a Short Squeeze?
https://investinganswers.com/dictionary/s/short-squeeze
Short Squeeze: Definition, Causes, and Examples
https://www.investopedia.com/terms/s/shortsqueeze.asp
How to Profit From the 'Short Squeeze'
https://investinganswers.com/articles/inside-numbers-profiting-short-squeeze
__________________________________________________________
CVNA
CVNA
MarketWatch: Carvana gets its first upgrade since Hindenburg short-selling report
Upgrade for Carvana stock comes as Ally Financial renews loan-buying pact
Carvana, the online used-car retailer that last week was the target of a short-selling research report, got its first broker upgrade since then which says the controversy has sparked a buying opportunity.
Brad Erickson, an analyst at RBC Capital Markets, lifted Carvana's rating to outperform from sector perform, not even a week after Hindenburg Research authored a short-selling research report, in large part on worries over its ability to sell auto loans.
Carvana's stock (CVNA) is down 7% in the new year, after a meteoric 365% gain in 2024.
Carvana shares rose 4% in premarket trade.
Erickson lifted his price target to $280 from $270 as well, saying Wall Street underestimates how much Carvana will expand its market share.
He also said Carvana can profitably expand to work with more commercial and fleet buyers. It will be able to deleverage further owing to a resurgence in demand and profitably, the analyst added.
On the controversy on whether Carvana is having trouble selling the loans it originates, Erickson said the private sale of $800 million of loans last year was done on similar terms as in the past, and on Monday Ally Financial (ALLY) renewed its relationship with Carvana.
Terms call for Ally to buy up to $4 billion of loans over the next year.
RBC bullish on Carvana stock as unit upside and TAM drive opportunity
On Tuesday, RBC Capital Markets upgraded Carvana stock from Sector Perform to Outperform, increasing the price target to $280 from $270. The decision follows Carvana's remarkable recovery, with InvestingPro data showing a stunning 303% return over the past year.
The company has achieved a perfect Piotroski Score of 9, indicating exceptional financial strength. RBC Capital analysts now see the recent pullback in Carvana's stock as a buying opportunity.
The upgrade comes with a positive outlook on Carvana's business trajectory. Analysts at RBC Capital believe that Carvana's retail unit sales have the potential to exceed expectations, especially as vehicle supply conditions improve.
Supporting this optimism, InvestingPro data reveals revenue growth of 12.21% in the last twelve months, with a healthy current ratio of 3.25 indicating strong operational liquidity. They also consider the company's Gross Profit per Unit (GPU) to be largely sustainable, countering recent concerns in the market.
Furthermore, RBC Capital's analysts are optimistic about Carvana's prospects in the online car marketplace. They anticipate that the company will continue to show improvements in both margin and balance sheet strength. The analysts expect these factors to contribute to a clearer pathway toward generating real free cash flow (FCF) for Carvana.
The updated price target is based on a 28 times multiple of the firm's projected enterprise value to 2026 EBITDA, and RBC Capital has also increased their estimates for Carvana's 2025 financials. They suggest that Carvana's constrained supply business model, combined with a large and still underpenetrated total addressable market (TAM), could potentially make it an unexpected compounder over time.
RBC Capital also notes risks to their outlook, including the sustainability of GPU levels and the ability to maintain retail volume momentum. While the company trades at elevated multiples with an EV/EBITDA of 28.59, InvestingPro analysis suggests the stock is slightly undervalued at current levels.
n other recent news, Carvana Co (NYSE:CVNA). has secured a notable agreement with Ally Bank and Ally Financial (NYSE:ALLY) Inc., collectively known as the "Ally Parties," to sell up to $4 billion in automotive finance receivables. This arrangement follows an amendment to their existing Master Purchase and Sale Agreement and is expected to provide Carvana with a significant influx of capital.
The online auto retailer also reported record-breaking Q3 earnings, with a 34% year-over-year increase in retail units sold, leading to a 32% revenue surge. Carvana's net income reached $148 million, with an operating income of $337 million and an adjusted EBITDA of $429 million.
RBC Capital Markets reiterated Carvana at Sector Perform, JPMorgan reaffirmed an Overweight rating, and Needham increased its stock price target for Carvana to $330, maintaining a Buy rating on the stock.
In a significant shift, Morgan Stanley (NYSE:MS) moved from an Underweight to an Equal-weight rating for Carvana. These recent developments reflect a strong financial performance and market position for Carvana, despite some concerns raised by analysts.
https://www.investing.com/news/analyst-ratings/rbc-bullish-on-carvana-stock-as-unit-upside-and-tam-drive-opportunity-93CH-3799236
CVNA, off the 52 week high
Good day CVNA
CVNA new 52 week high
Remember when the stock was a couple bucks a few years back BK coming blah blah this one of my great total ROI from the bottom still holding free shares. Always buy the fear and make the big $ Staggering gains and have made some nice hits on options over the last few years.
$CVNA
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