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Carvana Co. (CVNA)

NYSE - NYSE Delayed Price. Currency in USD
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26.20-0.77 (-2.86%)
At close: 04:01PM EDT
26.20 0.00 (0.00%)
After hours: 07:59PM EDT
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  • S
    Sum Invest
    Carvana is now cold calling Independent dealers looking for them to be partners and list their Inventory on the Carvana website. Details on the partnership will be coming soon. Can you imagine them selling the local pot lot dealers cars? I wonder if they already have some of these on their website which inflates their inventory. Could they possibly try and put this on their balance sheet as assets?
  • s
    stuckinsideamobile
    From Carvana:

    Persistent supply-chain problems at auto makers suggest there might still be pent-up demand for new vehicles, but used-car demand seems to be weakening. Online used-car dealer Carvana Co. last month said that reduced affordability and a tougher economic environment led to an increase in the rate of customer order cancellations.
  • A
    A.
    PRIME PLUS 100 BASIS POINTS = 7.25% INTEREST FOR CARVANA TO FINANCE IT'S INVENTORY!!
  • A
    A.
    LAST DAY OF 3B Floorplan
    What’s next Carvana ???
  • J
    Jay
    $VRM conversation
    Earning Head To Head 6 months as of June 2022: $CVNA vs. $VRM
    Gross Profit to Total Revenue: 1.45B to 7.38B vs. 148M to 1.4B
    Debt: 7.650B vs. 790M
    Interest expense 6 months: 180M vs. 18.9M
    SG&A 6 months: 1.45B vs. 341M
    Remaining Cash Equivalents/Restricted: 1.2B vs. 686M

    VRM safer bet than CVNA.
    Bullish
  • s
    stuckinsideamobile
    There are at least 100 lawsuits for investors that lost over $100,000 investing in the Garcia sham. I am constantly reminded of the deadlines for these suits. And I urge you to make sure that Ernie Garcia Senior, the true mastermind of the fraud is in the suit. There is no money left at carvana. FFFF has fleeced it all. But I am concerned, what about all the new one line posters on this board that lost two weeks allowance on CVNA stock? Who is working in their best interest? There needs to be a side suit for these players that despite doing absolutely no research or due diligence, or reviewing any of the financials that show 6 years of operating losses, incurred losses investing in a company heading for planned bankruptcy.
  • s
    stuckinsideamobile
    So they did not overpay for ADESA because they needed the junk yard parking lots. They do not used the auction house the purchansed, they go over to the competitors auctions to sell thousands of cars.......They took on the 3.2 billion dollar debt at 10.5% to speed up bankruptcy. They will use the debt as the reason they declare bankruptcy. That is the business plan for daddy to get the assets over to his privately owned Drive TIme.
  • J
    Jr
    They don’t care about taking on high interest financing. They are leveraged to the gills and the goal is bkrptcy. What I don’t understand is creditors continuing to offer financing of any kind to this organization at any cost. They must have some great snake oil.

    I’ve definitely lost some respect for Ally for allowing this zombie to continue to walk upright.
  • A
    Anonymous
    Don't worry will be at 73 soon. Guaranteed by some English major working at Piper Sandler.
  • d
    david
    Carvana will be paying 20% interest to refinance their debt. They cant even come close to servicing that given they are hemmrogging money each quarter. Bankruptcy in imminent.
    Bearish
  • M
    Mika
    Don't worry, if you zoom out, this drop barely registers 👌
  • J
    Jt Teger
    In the 20s tomorrow
    Neutral
  • J
    Jt Teger
    Why would anybody be buying the stock nobody’s gonna be buying cars and a depression.
  • T
    Technical Analysis
    "GROSSLY OVERVALUED" is an UNDERSTATEMENT .......especially when looking at the financials, debt load, slowing growth, ongoing negative net income, did I mention the balance sheet :) and let's not forget the trustworthiness of owners with a record :)
    Bearish
  • j
    jim cramer
    dont worry short it its will be under $20 soon
    Bearish
  • d
    david
    It will open $29 maybe. Either file bankruptcy or they will be refinancing debt in the teens. $6billion debt they can never service that in recession and only $1billion. That will be gone by year end.
  • B
    Bill
    Up 15 percent on an upgrade in which the analyst lowers the price target and evokes the possibility of the company going bankrupt. Seriously?
  • G
    GC
    $27.58 - Was this the low of the day? Thumbs up or down.
  • G
    GC
    I'm long 10/07 $28.50 calls for a trade. Some shorts should be taking some profits if we see this push any higher from here.
  • A
    A.
    The company has a duty and legal obligation to inform shareholders of any material event. THhis includes the floorplan deal with ALLY, if they have revised or extended it, or if they have had to reduce inventory by $1 Billion. We should hear something very soon, or they will be in a bad spot.
    Bearish
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