Added to YB: 2025-01-03
Pitch date: 2025-01-02
CVNA [bearish]
Carvana Co.
-71.07%
current return
Author Info
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Company Info
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars.
Market Cap
$47.3B
Pitch Price
$37.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.14
P/E
38.60
EV/Sales
2.26
Sector
Specialty Retail
Category
N/A
Show full summary:
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)