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Carvana Co. (CVNA)

NYSE - NYSE Delayed Price. Currency in USD
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49.62-4.97 (-9.10%)
At close: 04:00PM EDT
49.43 -0.19 (-0.38%)
After hours: 05:13PM EDT
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  • T
    Technical Analysis
    CVNA LONGS....Don't let the horrific deteriorating fundamentals deter you from your moment of joy :) Enjoy the trip. It will be shorter lived this time around as growth has considerably slowed, and cash is running low.
  • J
    Jt Teger
    -20% today?
    Neutral
  • J
    Jay
    $VRM conversation
    Based on this Barrons article:
    "Wall Street, for instance, projects Vroom will burn through about $100 million in 2022. The comparable figures for Shift and Carvana are about $165 million and $1.4 billion, respectively."

    This leaves $VRM with $500M cash til end of 2022 as management has estimated.
    Burning $164M for $SFT and $1.4B for $CVNA will leave both companies out of cash unless they issue more bonds and/or shares. VRM has the strongest balance sheet among the 3.

    https://www.barrons.com/articles/vroom-shift-carvana-stocks-sell-analyst-51660568067
    J.P. Morgan cut shares of online car dealers Vroom and Shift Technologies to the equivalent of Sell from Hold. Analyst Rajat Gupta downgraded Carvana to Sell earlier in August.
    J.P. Morgan cut shares of online car dealers Vroom and Shift Technologies to the equivalent of Sell from Hold. Analyst Rajat Gupta downgraded Carvana to Sell earlier in August.
    www.barrons.com
  • C
    Charlie
    Perfect time to announce a new offering to raise cash.
  • J
    Jeffrey
    Not even 6m shares traded today
    Bearish
  • p
    perry
    There’s a reason a majority of CVNA’s bonds trade at distressed levels. Bulls are whistling past the graveyard.

    (https://seekingalpha.com/article/4533431-carvana-heading-toward-a-liquidity-event)
  • S
    Shmagagie University
    the bond market knows the truth about this company
  • W
    William
    Still not worth over $25.
  • J
    Jennifer
    Wished I’d bought more at $40
  • J
    Jt Teger
    bought 100 share.Should be going down now. LOL!
  • s
    stuckinsideamobile
    After sending envelopes to Florida and Illinois law makers, Daddy Fraud has offered to settle all the lawsuits against his company with the same settlement when he was part of the Lincoln Financial Fraud Scandal with Charles Keeting. He agreed to pay a 50 dollar fine and go on probation for a month. Keep filling the envelopes Ernie, your business strategy has done well so far.
  • s
    stuckinsideamobile
    Does anyone on this board know if there is a summary list of all the law firms suing on behalf of carvana (CVNA) Investors with Significant Losses (generally over $100,000)? I have tried to keep track but there are so many! I wonder what daddy will do and if this will interfere in their master plan to run carvana into bankruptcy so daddy felon can take over the rest of the assets and put them in his privately held Drive Time? He has not regard or respect for any financial laws, so maybe all these suing law firms do not matter to the criminal.
  • M
    MF
    I suspect that so many people are buying this short that it is raising the price. They are loosing $100m a month and add 800k in daily interest on their purchase. Rumor is that there is a loan fiasco pressured by the need to generate volume. Perfect storm and someone is possibly going to be in trouble.
  • G
    GC
    IDK anything about Steel City Capital but the report they released on CVNA made sense to me.
  • s
    stuckinsideamobile
    Drive Time will take over Carvana after bankruptcy. Garcia Senior and Apollo have an agreement. Drive time has 138 locations. 20 are in Florida in addition to one of the larger Drive Time chop shops that Tonka Toy Boy pays daddy felon tens of millions of dollars to rent in undisclosed related party transactions. The convicted Feeral Finanial Fraud Felon paid off two legislators to introduce bills to change the title laws in Florida. The proposed bills (Senate Bill 1346, and House Bill 1517) would change the title rules from "dealers must supply" title within 30 days, to 'dealers should supply" title withing 30 days. Instead of carvana correcting the issue to comply with every state's DMV laws, crvana wants to change the rules so they can CONTINUE to not provide proper and lawful title. The two legislators with daddy money in their pockets are State Rep David Smith, and Senator Tom Wright from District 14. Do not tell me for one minute that this is a crooked and law breaking company run by a financial fraud felon.
  • R
    R
    It went up over 10% today with average volume. From
    How Does Light Volume Affect the Stock Market?
    By: Victoria Duff
    This potentially means:
    Light volume can be used for a tactical trading strategy. It is possible for a large institutional investment fund to influence market direction during a low-volume day by trading large blocks of stock. Low volume means there are fewer shares trading, and fewer shares means less liquidity across the broad market. Stock price volatility rises in a low volume market. Trading huge blocks of stock in an illiquid market can cause significant changes in the prices of those stocks. If the stocks traded are among certain market-leading large cap stock issues, the changes in those issue prices can affect the performance of the indexes -- either up or down depending on whether there is buying or selling.

    Again Institutions own more than 100%. The fundamentals do not matter as long as Carvana has enough cash for a couple of months. The institutions will dictate the price. So don't short unless you have the resources and convictions to wait it out. Institutions will continue to pump it up. It will eventually crash, but you have no idea how high it will go up before everyone rushes to sell.
  • B
    BaitUp
    Fundamentals, like gravity, always wins
  • j
    jim cramer
    can drop to $30 in 1 hour
    Bearish
  • J
    Jt Teger
    Back to $45.00?
  • C
    Charlie
    $RDBX had a massive short squeeze couple of months ago. Today they got delisted, the bag holders are all scratching their heads.
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