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Shake n Bake Ricky Bobby, she has plenty of gas left in the tank.
The volume tells me the short squeeze has not even started. Agree?
Jeffries adjusts Carvana Price Target to $85 from $30
On Tuesday, Carvana Co. (NYSE:CVNA) stock saw an adjustment in their market outlook as Jefferies shifted its perspective on the online used car retailer. The firm upgraded its rating from Underperform to Hold and significantly increased the price target for Carvana's stock to $85 from the previous $30.
The upgrade comes as Jefferies noted Carvana's recent expansion in Retail Gross Profit per Unit (GPU), which indicates that the company's operational adjustments might be leading to sustainable improvements in unit economics.
The analyst from Jefferies highlighted that Carvana's progress toward achieving positive cash flow has lessened downside risks, presenting a more balanced risk-reward scenario for investors.
https://uk.investing.com/news/stock-market-news/jefferies-upgrades-carvana-stock-to-hold-on-improved-unit-economics-93CH-3377114
Yeah i am shocked where the pps is to, just amazing. Imo if the books were cooked i would believe notification warnings would have gone out already, but in todays trading world you just never know.
I find Carvana astonishing, however I still believe their books are cooked and not reflective of their actual financial health, in my opinion.
But their stock is on a roll, no doubt.
Where ya been? It's been 3 years.
Best reply I can come up with is this is a bull market and has been since early 2023
I started buying shares of mature companies across all business sectors and continue to do so
Friday’s session produced just 81 new 52=week lows and 362=new 52 week highs
A rising tide tends to lift all the boats, including the leaking ones
I don’t see how Carvana operates so successfully opposite of the entire used car industry.
One of us will be
The thing about Enron in how it operated was it kept hiding losses to the point even the employees knew it was a complete charade
This numbers aren’t real. This is another ENRON in my humble opinion. Carvana claims to be able to sell cars at a much higher margin than the entire market and the lowest refurbishment costs.
I do not buy anything the publish.
In my opinion, something is fundamentally wrong here.
Eventually one of us will be proven wrong
$ROOT and CVNA go hand in hand. Carvana has a huge investment in $ROOT. Watch out. Incoming!!!!
CVNA is a meme stonk
See anything wrong there ? lol
I’d like to see the comparison between Carvana, Carmax, Autonation
They all exist for and at the pleasure of Allied financial
I didn’t realize they had their bondholders take a $1 billion with a B hit, which gives them their first profitable quarter. However, I still cannot believe any of the numbers they have published. The entire rest of the industry is having pains, something is very wrong, in my opinion.
I think this is the makings of another Enron, in my opinion
If these guys start selling bandwidth, RUN
This isn't going to end well for the shorts if they ignore this. Record numbers yesterday.
This is going to end very badly, in my opinion. I do not for one second, believe those numbers are accurate, while the entire rest of the auto industry is in deep doo doo, in my opinion.
Shifty book keeping!
Short squeeze tonight and tomorrow ladies and gentlemen. Great times ahead.
Q4 and EOY numbers! Record Total Gross Profit per Unit! Record Net Income! Record Adjusted EBITDA! Conference Call at 5:30 PM. They crushed 2023 and great outlook for Q1. Congratulations everyone.
Shifty book keeping!
The only thing keeping CarMax and Carvana alive is Allied Financial which at any moment could make either or both insolvent, in my opinion.
Both CM, CV, and AutoNation are sitting on hundreds of thousands of vehicles that a depreciating at an accelerated rate as the manufacturers are putting out huge rebates ($8,000 - $12,000 and some dealers are sending brand new cars to auction because their floorplan financing is up.
I see both CM and CV being crucified in the very near future. I never believed the Carvana financials and do not believe they are accurate, in my opinion
The Fed - Federal Open Market Committee (FOMC) meets tomorrow for a two-day meeting.
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
If they decide to lower rates, which they have already said they expect to do in 2024, then we
should see a big volume increase in companies that rely on lower interest rates to boost their stock prices.
CVNA is one of those companies.
Carvana earnings report due February 22nd.
When Sears went bankrupt how did JC Penney make out?
I saw that! Huge news for Carvana. One of their main competitors is gone! I can't wait for Q4, end of year, and exploding growth in 2024.
This bloated pos is next.
Vroom going out of business!
Less competition, more Market Share for CVNA!
https://www.vroom.com/sell/sitemsg
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