solarseven/iStock via Getty Images Investment Thesis Carvana Co. (NYSE:CVNA) is a deeply unpopular stock, but that hasn’t stopped it from being a terrific investment. What’s more, in the same vein as I was unpopular in recommending CVNA to you, with unshakable bullishness in the past year, I’m now no longer willing to ride this rocket…
Carvana Co. (NYSE:CVNA) Q1 2024 Earnings Conference Call May 1, 2024 5:30 PM ET Company Participants Meg Kehan – Investor RelationsErnie Garcia – Chairman, President and Chief Executive OfficerMark Jenkins – Chief Financial Officer Conference Call Participants Rajat Gupta – JPMorganChris Bottiglieri – BNP ParibasSharon Zackfia – William Blair & CompanyChris Pierce – NeedhamMichael Montani…
Justin Sullivan/Getty Images News Last March, I wrote that bankruptcy was still a very real possibility for Carvana (NYSE:CVNA). The stock has skyrocketed since then. More recently in February, I wrote that I expected the stock to make a big move in association with earnings in either direction, which it did. However, I also felt…
Justin Sullivan Carvana (NYSE:CVNA) was once a giant in the automotive retail space, with a $70 billion market cap. This year, the company found itself in a challenging position, with quarterly losses and heavy share price volatility. With bond prices depressed and a 2025 maturity looming, the company engaged in a debt exchange involving all…
Justin Sullivan Used-car dealer Carvana (NYSE:CVNA) has seen a sharp upward revaluation of its shares in the last couple of months which has been driven in part by improving operating fundamentals that included a change in the margin trajectory and cost improvements. While the company has been driving a strong restructuring, that has resulted in…
Joe Raedle Carvana Co. (NYSE:CVNA) is a $7.5-billion market cap Arizona-based firm that operates a US e-commerce platform for buying and selling used cars. Customers can research, inspect, finance, and purchase vehicles online, with options for delivery or pickup. If you take a quick look at the plethora of short-rated articles here on Seeking Alpha,…
Joe Raedle Background After its 2Q23 earning release and debt restructuring announcement on July 19, Carvana (NYSE:CVNA)’s stock skyrocketed 50%+ and closed above $55/share. Its 8x YTD stock performance left its peers AutoNation (AN) and CarMax (KMX) in the dust. Data by YCharts 2Q23 Earnings/Debt Restructuring If we take a look at the headlines, it…