Carvana Co (CVNA)

[jimr1717]

Short it and…. Thank me later.

[harry crumb]

Wow! Just speechless here $$$$$$

[Monksdream]

You are so wrong
Chuckle

[Monksdream]

You are wrong about the 10Q date

[Carjockey2]

Hey you..

Stunning turnaround..lol

You might be right...

But after being in the car business for 30 years I'm quite sure you don't need to school me. Lol


Their report does not make rational sense, given the present state of the used car market that I would not even begin to try and school you on.

[uber darthium]

Hello Miss CJ !!! I don’t believe a single word of their financials. The next ENRON in my opinion.

Their report does not make rational sense, given the present state of the used car market that I would not even begin to try and school you on.

Hope you are well,

Always a pleasure,

UD

[Carjockey2]

Wholly smokes!!

Carvana $CVNA up 31/Shr in just minutes to 118/share see chart. PJT Ptrs turn it around 2023 $3.76 cts to $118 https://t.co/PnrXSUsUfQ now PJT Ptrs is working on its next master piece FISKER $FSRNhttps://t.co/Q2QVtbNMoQ 
7/19/2023

— ValInv (@ValInv1) May 1, 2024

[stockhero]

Next earnings date is 5/7/24.

Will our CEO talk to his shareholders again? We are waiting patiently.

[Monksdream]

CVNA 10Q 5/1 per Seeking Alpha
Next day settlement begins 5/28

[silattore]

Gangster Garcia!

Glad he ain't Silverback

[jimr1717]

$90., $85., .$75., $65., $6.00, .60, Zzzzz

[jimr1717]

The chart reads the “Hope You Sold” pattern

[jimr1717]

Baked and Shakes coming

[CaptHowdy]

Shake n Bake Ricky Bobby, she has plenty of gas left in the tank.

[harry crumb]

Yep

[Tim696969]

The volume tells me the short squeeze has not even started. Agree?

[harry crumb]

Beast!

[Monksdream]

CVNA new 52 hi

[Monksdream]

CVNA new 52 hi
Next day settlement begins 5/28 per SEC mandate

[harry crumb]

Absolute beast! $$$$$$

[cbrad10480]

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

[harry crumb]

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.

[uber darthium]

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.

[harry crumb]

Beast!

[SOG]

Options land.

[Stockfire409]

Where ya been? It's been 3 years.

[Monksdream]

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

[uber darthium]

I don’t see how Carvana operates so successfully opposite of the entire used car industry.

[Monksdream]

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

[uber darthium]

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

[Monksdream]

CVNA new 52 week high

[XtraFunds]

oh, ok.

[Monksdream]

CVNA new 52=week high so much for the traders who figured they would score big time with borrowed shares and put options

[head22]

$ROOT and CVNA go hand in hand. Carvana has a huge investment in $ROOT. Watch out. Incoming!!!!

[SOG]

Gonna be an interesting watch this week.

[jimr1717]

Short the open and thank me later.

[Monksdream]

CVNA is a meme stonk

[uber darthium]

See anything wrong there ? lol

[Monksdream]

Here you are

[uber darthium]

I’d like to see the comparison between Carvana, Carmax, Autonation

They all exist for and at the pleasure of Allied financial

[Monksdream]

The debtors agreed to kick the debt farther down the road months ago
The stock market, if anything, is filled with irony
This is a complicated comparison chart for the past 12 months
Which one of the four will go belly up or end up on Cromwell Coulson’s stonk market I haven’t a clue

[uber darthium]

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

[Monksdream]

Been a few months since I messaged in response to a trader who was congratulating himself on his CVNA leap puts. This was when the stock was pricing below $40.
CVNA new 52=week high

[stockhero]

This isn't going to end well for the shorts if they ignore this. Record numbers yesterday.

[uber darthium]

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!

[harry crumb]

Boom

[stockhero]

Short squeeze tonight and tomorrow ladies and gentlemen. Great times ahead.

[stockhero]

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.

[LongBalls]

Shifty book keeping!

[uber darthium]

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