Carvana: I Was Wrong In 2022, But My Buyside Analyst Friend Got It Right (Rating Upgrade) [Seeking Alpha]
Carvana Co. Class A (CVNA)
Last carvana co. class a earnings: 2/26 04:05 pm
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investors.carvana.com
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Source: Seeking Alpha
I was wrong about Carvana, but my analyst friend Charaka Mahage's bullish stance in December 2022 proved correct, with Carvana stock surging over 3,600% since then. Over the last weekend, I sat down with my friend to discuss why he believed in Carvana back then and why he continues to be bullish on Carvana's long-term prospects. The recovery of Carvana was fueled by effective cost-cutting measures, better unit economics, and the integration of Adesa assets, as highlighted by the analyst. Despite his optimism, the analyst warns of potential risks, including a slowdown in used car demand, market shifts, and the impact of Carvana's high debt burden. JHVEPhoto I was wrong about Carvana Co. ( NYSE: CVNA ). Big time. Back in 2022, I thought Carvana was a business about to go bust , and in June 2023, I thought the positive adjusted EBITDA reported by the company was not as attractive as it seemed . Mr. Market has certainly humbled me, with CVNA stock up more than 3,600% since my f
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News
- Carvana, Jimmie Johnson Offer Chance to Draw Outside the Finish Lines and Create Jimmie Johnson’s Next Race Car LookBusiness Wire
- Carvana Co. (NYSE: CVNA) had its price target raised by analysts at Evercore ISI from $142.00 to $157.00. They now have an "in-line" rating on the stock.MarketBeat
- Carvana (CVNA) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Carvana and PPA Tour Offer Pickleball Fans a Chance to Win Big During "Road to the Finals"Business Wire
- Carvana Co. (NYSE: CVNA) is now covered by analysts at Stephens. They set an "overweight" rating and a $190.00 price target on the stock.MarketBeat
CVNA
Earnings
- 7/31/24 - Beat
CVNA
Sec Filings
- 9/13/24 - Form 4
- 9/11/24 - Form 4
- 9/9/24 - Form SC
- CVNA's page on the SEC website