by irdadmin | Nov 6, 2023 | Financial Markets, Market Manipulation, U.S. Economy
The following analysis is from my latest issue of the Short Seller’s Journal. Follow this link if you would like more information on this newsletter: SSJ info Carvana (CVNA – $31.96) – CVNA reported its quarterly numbers Thursday after the close. Of...
by irdadmin | Jul 28, 2023 | Financial Markets, U.S. Economy
The following analysis and commentary is from the most recent Short Seller’s Journal. In the context of the stock market going “full idiot” right now, CVNA’s share price has been squeezed up to an absurd valuation. My rationale for shorting...
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...
