$CVNA, Carvana, experienced a significant price increase, causing losses for short sellers. Short interest in $CVNA is $1.61 billion. Despite concerns about its financial health, the stock price surged. Market signals show bonds trading at discounts, indicating doubts about Carvana's valuation. Institutional investors have shown interest in $CVNA, with the stock up 580% in the last year.
What a time to be alive!! $CVNA $CVNAQ 👇👇 EPS cut after earnings for 2024! But but... you know... short squeeze! https://t.co/bGxMkidl9B
so negative growth $CVNA still unprofitable, ex one-time $800M gain from debt restructuring and market didn't see through that? #EMH what about auto dealers that are consistently profitable and growing their online platform faster than CVNA? Still 6x earnings.
$SQ Lone Pine Capital, a top tiger cub hedge fund, is a high-conviction buyer in Q4. The fund's current $SQ position is already in the money. It perviously traded $SQ multiple times and all exited with positive gains. Institutional investors overall incl. hedge funds were net… https://t.co/wv1Q19CKU7 https://t.co/CANMHNhhbm
$CVNA reached a new high, $76.33 last seen on 4/27/22 after reported its first-ever profit in Q4. Institutional investors were significant buyers in Q4 and raised stakes by 7% q/q.👇🏼 60% of 278 institutional holders are buyers including 68 new ones. Top hedge fund billionaire… https://t.co/XkryJ2xXG5 https://t.co/jOtEODDtxU
$CVNA 2028 unsecured Bonds paying 5.875% interest trading at 55 cents on the dollar... These are distressed levels for a company that is Now apparently printing money 🤡LOL NOT! https://t.co/iVvs7TZ2Ko
$CVNA SECURED 2030 bonds paying 10.5% interest trading at 75 cents on the dollar. Not exactly a great sign of confidence... https://t.co/9C4zvdPYCy
$CVNA is on track to have one of the best comeback stories in the history of markets The stock is up 580% over the last year 🤯 https://t.co/2KLs8QtAtb
$CVNA 2029 bonds trading at 30 cents on the dollar. Investors not expecting to get paid... https://t.co/kYbHTHVuZQ
$CVNA +33% just because eaked out cash profits on a 20% revenue decline & overloaded w debt? A dog without flees, is still dog, while $CVNA must be a valuable business.
$CVNA Carvana a shrinking subprime lender that loses $200 million in a quarter and has $5 billion debt. Stonk price going up so the bulls will feel right. But outside crazy land, that's a worthless company.
Message from the market: $CVNA's 10.25 PIK notes trade at 75 cents on the dollar. In fact all of CVNA's bonds trade at big discounts to par which means the market is saying that CVNA's EV is lower than the face value of the debt... https://t.co/ZX8c2cNUeK
$CVNA +40% price move hits shorts with $657 million in early morning trading mark-to-market losses. $CVNA short interest is $1.61 billion, 30.76 million shares shorted, 32.69% SI % Float. There have been 6.9 million shares, worth $145 million, bought to cover so far in 2024 and…