Added to YB: 2025-01-03
Pitch date: 2025-01-02
CVNA [bearish]
Carvana Co.
-142.13%
current return
Author Info
Company Info
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.
Market Cap
$43.8B
Pitch Price
$188.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.05
P/E
70.49
EV/Sales
2.60
Sector
Specialty Retail
Category
N/A
Carvana: A Father-Son Accounting Grift For The Ages
CVNA short: Online used car dealer w/ $44B mkt cap. Issues: $800M loan sales to suspected undisclosed related party, accounting manipulation, lax underwriting. 845% higher P/S vs peers. $4.8B net debt. Insiders dump $1.6B+ stock. Subprime focus, 4x higher delinquencies. Related-party deals inflate profits. Undisclosed SEC probe. Rough times ahead for shareholders/bondholders.
Read full article (41 min)