Stockideas

Carvana Co
(NYSE:CVNA)
Carvana Co

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. The company was founded in 2012 and is headquartered ...
Founded: 2012
IPO date: 2017-04-28
IPO price: $15
Full Time Employees: 2,021
CEO / Co-Founder: Ernest Garcia III 
CFO: Mark Jenkins 
Sector: Consumer Cyclical
Industry: Internet Retail
Next Earnings Date: 2023-02-23
Stock price: $8.07 (-0.73%)
Carvana Plans to Lay Off 1,500 Employees, Citing Economic Concerns
By: raspberry lazy guy   💬 31   
   on Nov 24, 2022

https://www.wsj.com/articles/carvana-plans-to-lay-off-1-500-employees-cites-economic-concerns-11668793114

Feels bad for those who got layoff right before Thanksgiving. $cvna


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insiders are buying
By: jocelyn lazy guy   💬 13   
   on Nov 19, 2022

This is rare. they have insiders buying atm. $cvna

https://i.imgur.com/VTpkWxm.png


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Signs of the market topping
By: ssmlee04 Community Lead :))   💬 98   
   on Aug 08, 2020

There are signs of the market topping this week. A few signs I am looking at are $GRPN, $CVNA, $JMIA, $STMP, and high growth names $TDOC, $TWLO, $DDOG lead me to believe this market is due for big corrections. So I trimmed my positions greatly this week.

Jumia ($JMIA) rallied 400% in less than a month (July 7, 2020 to Aug 4, 2020) and on Aug 3 alone their price jumped 35%. Bear in mind that their price dropped 95% from high of $48.00 to $2.15 within a year. Generally, for a company with a great future, the share price would not drop 95%. People are saying this company going to be Amazon in Africa and but I can't see that happening to be honest. If there's going to be an Amazon in Africa it's going to be Amazon. Also when you go to forums everywhere even forums in Taiwan you can see people talking about $JMIA. This shows how speculative the market is.

Carvana ($CVNA) is a company that tries to sell you a car in a vending machine. They announced their earnings on Aug 6 and they missed both their revenue and earnings estimate. And then the stock price jumped 28%. If you ask people do you want to buy a car from Tesla or from a vending machine I'm sure the majority of people would choose the first one. So why is the price up significantly on misses? No one knows, not even the investment banks.

https://i.imgur.com/y9iYTB7.jpg

Stamps.com ($STMP) offers you postage solutions. They gave good earnings numbers and on Aug 7 their price went up 18%. They're up now because of the COVID situation that helps many small businesses to facilitate their e-commerce solutions. But this is a company that does not have a good future. Maybe their company is undervalued now but once this COVID thing goes away their stock price would drop greatly because they simply do not have paths forward from here.

Groupon is another service that is getting less and less traction. And on Aug 7, 2020 their price jumped 50%. The same argument with the stamps.com rally I do not think this is sustainable.

Now let's take a look at growth companies. A lot of interesting things happen this week. Companies like $DDOG, $TDOC, and $TWLO announced their earnings or mergers and those are really good news for the company. They beat the consensus estimates and raise their guidance and is going to dominate whatever their do in their space. And their price drops regardless. Teladoc merged with Livongo so in the future you do not need to go to a hospital with minor symptoms. Do they have a good future ahead? The answer is very likely yes. Same for DataDog and Twilio they continue to be the dominant player in their niche so before their crash their price was already up 1000% in a few years. So maybe all the good things is already priced in and now it's time for corrections to happen.

What does it mean when the best things in the market like $TDOC, $DDOG, $TWLO that continues to grow at 40-70% per quarter gets beat and when companies do not have a future to rally? That's a sure sign something is off with the market. I do not see myself as part of the market.

$QQQ $DIA


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weird arguments from the insiders
By: ssmlee04 Community Lead :))   💬 98   
   on Jun 08, 2019

From some company insiders: I find it difficult to see why anybody in 10 years would buy a car in a different way. I find it hard to see why you'd buy a car this way actually seem dumb and not worth the service to me.


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