by irdadmin | Mar 10, 2022 | Financial Markets, Market Manipulation, U.S. Economy
Carvana reported Q4/full-year 2021 numbers on February 24th after the close. The Q4 net loss was wider than forecast at $1.02/share vs 41 cents/share a year ago. Revenues “beat” estimates, as unit sales were 113k vehicles vs 72k in Q4/2020. The operating...
by irdadmin | Mar 26, 2021 | Financial Markets, Market Manipulation, U.S. Economy
CVNA has been largely a highly frustrating short, especially in light of the fact that it burned in excess of $600 million in cash in 2020. I think the high short interest (25% of the float on a float of just 68mm shares) is the catalyst for serial short squeezing....
by irdadmin | Sep 22, 2020 | Financial Markets, Market Manipulation, U.S. Economy
CVNA’s valuation vs competitors like CarMax (KMX), Autonation (AN) etc is completely irrational. I was a CEO of a subprime company in this space. CVNA’s valuation is a crime of capitalism.” – @beaconstagezero Ernest Garcia II was convicted on...
