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How to know, when or if something will squeeze and how long it will take from what I’ve learned the last few years studying them.
Looks like the auto bubble's finally popping! KMX and CVNA keep struggling until sales prices strengthen
It's been quite the six figure (several) ride down over the past year. No one tells you it gets faster as you get closer to zero. Inherited
Been quite the 6 figure (several) ride down this year. No one tells you it goes faster as you get closer to zero
$FSK is primed to break into a sizeable squeeze based on supply and demand of shares alone... most relevant data is included below
Looks like we might be getting ready for takeoff over at BYND
3 Meme Stocks that Have Nowhere to Go But Down in 2024
2024 Shorting Ideas - Companies that has exposure to used car market
“The used-vehicle market for this year is expected to finish just below last year’s performance” $CVNA
+551.15% on 2 shares or CVNA… I should have bought more back in January
Highest short interest stocks today $FSR $BYND $UPST $CVNA
Highest short interest stocks today $FSR $BYND $UPST $CVNA
WBUY and MLGO: Exhibits #1,001 and #1,002 on why you stay away from shitty Asian small cap IPOs
I made a post on here about CVNA before it shot up
CarMax is the Carvana nobody knows about. CVNA is destined for bankruptcy.
1.5 year follow-up on buying the dip on pandemic stocks
CVNA earnings call. Thoughts anyone? Possible squeeze?
Everything you need to know about ROKU earnings here
ABNB Earnings Alert: Everything you need to know 🚀🔥
$CVNA - Best Strategy for Near Term Vol and Long Term Bankruptcy
Experts bullish on a shitty company like $CVNA.. then ill do the opposite
Kerrisdale Capitol continued fraud
Serious inquiry, any solid exact moves this week
$NVAX short squeeze setup similar to $CVNA
Carvana ($CVNA) On Main Short Squeeze Radar
CVNA improved 3rd quarter outlook. Really?
CVNA over $40 or under $4 in the next 10 days?
Infinite Money Hack for 0dtes
Do you like money, of course you do, you're poor.
Up $55K in one trade, pay for college or back into options?
Is anyone playing/buying company x post
The Week Before: How News Impacted Stock Prices
Well hopefully CVNA goes bankrupt or ima be even more fucked.
$SIRI 42K Loss | Switched to $AMC FDs For $35K Options Play @ 6.00 and 9.00 Strike
I was down 55% on my portfolio headed into January 2023 and have now broke even thanks to the advice of r/stocks
$CVNA 0DTE ~$15K FD Yolo | 42.00 PUT Play | 400 Contracts
Someone bought 0DTE $85 CVNA Calls for $0.20 / contract
Congratulations to anyone who bought near the bottom of Carvana $CVNA
Carvana spins lower after S&P warns debt deal could be tantamount to default
Spending my last 50 bucks on $CVNA puts. Wish me luck
$CVNA is rough and it gets everywhere
$CVNA is rough and gets everywhere
CVNA recent debt exchange. Discussion of details.
$CVNA 6X Gains | 54K ---> 396K | $342K Profit | 6 Bagger
Made over $5k on $CVNA this week. Took some of those winnings an Yolo it to some $RKT calls.
Robinhoods Robbing us again.
Everyone talking about CVNA but what about ATT? 8% jump today what gives?
Bad call guys next call (Shorted NVDA and Pepsi <- prior)
Another reason to ignore these trash articles, CVNA just hit $59.30 a share in premarket, currently at $55.87 in open market
80 CVNA $59 calls, 7/21. Average price of $0.09, sold for $2.40 right at open.
December buys CVNA $182k to $2,500,000
Mentions
Meanwhile we have companies like CVNA that trades at 120 from 5 so everything is possible in this market I would say.
NVDA: +200% 1y SMCI: +400% 1y CVNA: +1000% 1y why
Makes total sense. Thanks for letting me pick your brain! If I’m not mistaken I think you had said previously that you have CVNA puts so that plays nicely into that thesis as well.
> what would be the possible moonshot scenarios that would fuck you? look at his positions He spent $2000 on 35 DTE $40p that are 70% OTM he spent $3000 on 45DTE $80ps (not bad) he spent $1700 on 94DTE $30ps LOL I am not advocating for CVNA .. I think it should be a $15 stonk But looking at ANF, all I can say is that unless the company comes out with news and falters, I would expect EOQ accumulation as it had a solid (and fake) ER. No one in their right mind believes they pull $6500 per car but how does that phrase go? you can either be right or make money
Twenty more trillion in net debt projected thru 2034 and deficits exceeding 6.3% of GDP. (EU at 3% rn, eg, Hope we hire the same guys keeping CVNA floating.
That's great! I bailed at $85, but I'm happy with walking away with a good profit. I will admit, CVNA is entirely illogical and makes no sense to me. Ride it all the way, down or up!
CVNA has literally everything falling apart and they are just begging people to not look behind the curtain
CVNA has two of four revolving debt facilities (500m + 500m) supporting their inventory purchasing expiring on May 31 and Sept 18. They'll only have 2 others totalling 1B remaining, not enough to carry enough inventory to generate comparable sequential q/q sales, so they will have to renegotiate new deals. Might be difficult in this rate environment. CVNA 100p 09/20
CVNA published a $49M net income for the last earnings report. However, they included roughly $75M gain in the fair value of level 3 warrants to acquire Root common stock. In other words -- the value of their financial instruments are going up due to IV growth valuing their warrants. So like you said -- "profit" doesn't mean cash.
Lmaoo the only bulls who will make money this month are GME and CVNA bulls
You're 100% right. CVNA is going to shit the bed eventually. It's just predicting when.
Look at the yields on the CVNA bonds, it's in the 15% range which is not normal for a healthy company.
CVNA probably made last quarters high gross profits by writing loans on cars to overleveraged or risky borrowers. I've seen them accept any price on a car as long as they get financed and leave with a car. Whether they can keep making those payments is not likely. If CVNA is not caught holding those loans, they can repeat over and over again, until they are stuck holding those loans.
Where's the CVNA and DJT burn I was promised? I promised myself this and here we are
CVNA is a garbage company and I’m shorting them, but your numbers are off. For starters, you claim that they have $600M of cash at the end of Q2. The end of Q2 is June 30, 2024. That date has not happened yet. Further, they’re not burning through operating cash. They just turned a profit in the most recent quarter. Albeit it looks like that was mainly due to revaluation of the fair value of warrants. But point stands, they weren’t exactly lighting money on fire. Most recent publicly available info is Q1-24 earnings, which has cash at $252M. That is down $250M from the $530M they reported as of 12/31/23. But why did their cash balance go down? It wasn’t payroll overencumbering the business. It was paying off a short term debt facility. $250M of which is due in the next 12 months. They also have a couple lines of credit worth $1.5B and $600M. I believe these may be tied to asset (inventory) purchases but it’s late and I’m not going to dig that deep. All of this to say, there are several shitty things about this company and that’s why I’m short. It’ll be under $100 at some point by the end of the year. But I don’t think the 1-2 month payroll failure is remotely a possibility and I would hate to see a fellow CVNA bear lose the battle too quickly with June and August expiries.
CVNA market cap is currently $23B with an exciting story and a large short interest. If it runs to $160 or even stay this level, mgmt can and will issue additional equity (5% would likely be enough). Yes, there will be some dilution, but if the growth story and market dominance stays in tact, equity won't be worth zero. Stocks with a story like CVNA is a dangerous short because as long as a the story stays intact, the longs can rationalize themselves to stay invested until the company becomes a near-monopoly of its niche. My hunch that once insiders are satisfied with cashing out, mgmt will raise more cash via equity issuance.
Because with earnings, if the price doesn't get you, the IV crush will. CVNA and KMX helped fuel the price wars over the supply issues so even with 10% discounts new cars still aren't moving because they are still way overpriced. Some new car lot's have 2 year old new vehicles and 1 year old vehicles with millage for the same price as the new discounted 2024's. CVNA and KMX are full of these types of overpriced used vehicles and the IV is not terrible either, so if your are going to be a degenerate, might as well be a degenerate with a chance.
CPI is straight up legit compared to CVNA
this sounds like a post written by a disgruntled CVNA accountant..... i am in....
Only books more cooked that CVNA are the ones that calculate CPI
Stop calling CVNA a meme stock. The future impact of car vending machines just isn't reflected in the financial statements yet.
Made $2300 jumping in and out of G-Stonk today. Coulda made 100k had I just bought shares at $10 a few weeks ago. But I didn't - coulda, shoulda. Whatever, shoulda bought CVNA at $4 also. Here's my real no-BS advice to all you kids hitting 2 or 5 or 10x; take your free money and walk away.
Nvax is probably gonna be the next CVNA honestly. Company that was pricing in bankruptcy is now not going bankrupt and has high short interest
My dude is going to speak on market close on how he now has positions on CVNA.
Imagine working behind Wendy's and bragging to your extended family about your paper gains on ROOT.... Couldn't be you, CVNA.
honestly the play is to just buy extremely far OTM puts on CVNA every single friday and hope that news about ROOT being a fraud comes out and CVNA tanks 50% in one day
sounds more like he's saying short CVNA lol maybe the play is stupidly far OTM CVNA 0dte puts every friday just in case there ends up being news on a friday about ROOT being a scam and CVNA craters 50%? could be an easy 200 bagger if so. maybe worth throwing like $100 every friday doing this until eventually one friday it hits for 50x
As expected with all the negative news about CVNA, the stock is hikin... Maybe just cuz I brought puts
Have to wait until we see next quarter results or the CVNA warrants in September. The shorts were over leveraged and the stock was undervalued at under $10. They were scrambling to cover up to $70-$80 range after last 2 quarters results, but they did it slowly. Short interest was at 70% at under $10. I have it on my watchlist just incase , just haven’t bought any recently since selling my whole position. The low float adds a nice take as well.
It’s not profitable , it’s loses money, less than has lost in past and has cut cash burn in half which is good, but for an insurance company is kind of meh IMO. Nice average. I sold at $40 from $8 after someone posted a somewhat convincing DD 6 months ago that I happened to stumble upon and do my own research on , wish I held a little longer, but hindsight is 20/20. Might be nice for a short term play until we see what happens with those CVNA warrants due to expire in September. I Hope you bank tho :)
Yea idk about that, it was undervalued at below $10. maybe if CVNA warrant holders at $200 exercise price pull a pump . Good luck though. I’m rooting for you ;) What’s your cost avg.
35 years in automotive industry This is going to be worse than Enron. Sam Bankman has a car from CVNA. You be the judge. Line 1 on fin stmt. cash……-250M for the quarter??? Did I read that incorrect? Sirens 🚨, SEC can you see, at the twilight’s last scheming, and the car man went down, next the home builders drown with inventory and the banks go broke from commercial property loans will default, then the DOMINO effect is inevitable. Selling Calls
Root/CVNA. Bought Puts on both. They bc a still pump for god knows how long but I went with Jan 2025/26. Hope to see the day soon Carvana gets delisted
Yeah, completely agree. I am short CVNA after their earnings but I decided to hedge slightly by going long ROOT. I could end up winning on both, but I can’t imagine losing on both ends.
Not confused, anyone involved with CVNA is a nope from me.
I think you’re confused See page 5 of the Q1 2024 Shareholder Letter [here](https://ir.joinroot.com/static-files/49b07d14-3b03-4fcd-ad03-91a049989d08#:~:text=We're%20pleased%20to%20share,using%20technology%20and%20data%20science) ROOT is a standalone business that generates 88% of its revenue through direct-to-consumer approach CVNA is one of many partners that root has
The DD keeps mentioning CVNA which is a scam ( see every thread about it ). So if you want to link the companies which is what the DD is doing then it’s a nope from me.
Scam in what sense? ROOT and CVNA are completely different companies. 90% of ROOT revenue is direct to consumer
90% of ROOT’s business is direct to consumer - only 10% is through partnerships like CVNA
Root is a scam insurance company. Makes sense why they are CVNA partner. I know someone going through a claim with them at the moment. This will probably keep melting up for a while, so there is upside potential, but it's super volatile and could crash to pennies at anytime.
That’s the smooth brain play, but for December exp. Maybe add CVNA puts to hedge in the 1% chance the SEC isn’t asleep at the wheel
If CVNA has taught me anything is Root will hit 100$ by EOM
Carvana a posted surprise profit by massively overstating the value of their Root warrants, which should expire worthless in September (exercise price is close to $200/share). Now they’re gonna attempt to fake pump ROOT to over $200/share so they can dump their ROOT and CVNA shares on suckers. SEC where you at?
Carvana a posted surprise profit by massively overstating the value of their Root warrants, which should expire worthless in September (exercise price is close to $200/share). Now they’re gonna attempt to fake pump ROOT to over $200/share so they can dump their ROOT and CVNA shares on suckers. SEC where you at?
Dude, CVNA is well over 100% tute-owned and is 30%+ short interest.. it’s a “chosen winner.” The people shorting it are getting crushed because its already so heavily owned by the big boys
Going to open some leap puts on CVNA tomorrow
CVNA and DJT twin-ing, likely gonna hike, cause nothing make sense
CVNA, just like every other employee who got their RSU price updated to $8 a couple years ago.
What I don’t understand is how they pay more than anyone else for a used car. For example, they gave me $13K for my 2011, Volkswagen GLI with like 60K miles. My question is, how do they make a profit when they appear to be overpaying for cars? I know it could be a one off, but I have talked to many people who have said CVNA paid top dollar for their used car.
I don't know CVNA, but I just looked at the news. Wasn't the earnings very positive? Why are you bearish on CVNA?
Exactly 😂 been saying go long CVNA since JPM adjusted their buy target from 300s to like a $1. Carvana business model is the future. (Been in the business for a decade) yea they had a rough 2-3 years but that was a fluke. CVNA TO $1000+
Maybe. CVNA is just another meme stock, just like TSLA and GME. No logic involved, and the only play for most people is to stay away.
CVNA was heavily shorted. It woke up GME also. Puts sound like a good strategy when the heat dies down which could be any day - likely the first or next big down day we have. I bet people daamp eeet, as Bogdanoff would say…
CVNA dec 2022 to now already 3200%
TSLA, my friend bought 3500 shares of TSLA stocks at $200 ( pre splits ) and it went up , now hold appx 18 millions. At peak, he saw 24 millions. Last week he bought another 3000 shares. Another stock CVNA went up from $3.5 to current $117
Some insiders got a bonus, paid in stock options, and they cashed in a day after... [https://www.barchart.com/stocks/quotes/CVNA/insider-trades](https://www.barchart.com/stocks/quotes/CVNA/insider-trades)
Long as we’re talking shorts, I’d humbly submit CVNA may be an easy 20% as it retraces the gap from 10 days ago
look at the 1 year chart for other stocks.... like $CVNA $NVDA $Coin lol
Calling it now, Nvax is the next CVNA. It has a ton of short interest and was pricing in bankruptcy and even has fishy accounting. Imma let it cool off a little and get calls after.
Reeled in my options losses, but im keeping my shares and coping that it can return to its former prices. I sold 2k ACB shares about a month before the boom at a massive loss, same with CVNA, if there's a chance it can happen down the line I will hold onto that cope.
If CVNA closes today below last Fridays close then it's downhill from here. Retracement to the $86 area incoming
CVNA back to the shadow when???
👀 No worries I’m just short MSFT, AMZN, CVNA, DELL, COST, LLY. Long TD. 🤣😘
Used to be, on WSBee, peep pee pee, posted positions. I will go first... SPy 500p - sell in may CVNA 100p - default risk, dilution risk That is all.
What do we think about deep ITM (175Ps) for CVNA 7/19?
CVNA 
Getting touched on my CVNA puts i bought yesterday. Gonna hold until expirty in June. 80p 6/21
I wish I pulled the trigger on those CVNA calls earlier smh
CVNA back at it. It's meme day today.
GME, DJT, ALCC, CVNA all going bonkers. About as clear of a sign as there is we're just about at the top
CVNA up 5% on less than half its average volume. Good stuff
CVNA puts for tomorrow?? 
markets are not irrational. Laughing in my CVNA gains !!
I’m confused. My overall portfolio is up today, but my RDDT and CVNA puts are down. That wasn’t how today was supposed to work out.
$CVNA have room to run? 
u/rare-ish_bird did you play CVNA? Also, good afternoon.
Why the fuck did CVNA pump 
CVNA fucking kill yourself
In all honesty, CVNA is so fking stupid lmao
Wtf is that candle on CVNA 
Am I took late on CVNA poots 
Hindenburg Reporter Nate Anderson Posts On X "We've Had A Flood Of 15+ Inbounds In The Past Week Asking Us To Look At Potential Accounting Fraud At $CVNA. More Than I've Ever Seen In So Short A Span Of Time, Many That Describe Granular Red Flags...." "We Wouldn't Be Surprised If The Company Has To Sell Stock To Survive In The Near Future..." We've had a flood of 15+ inbounds in the past week asking us to look at potential accounting fraud at $CVNA. More than I've ever seen in so short a span of time, many that describe granular red flags. Carvana is a relatively 'known' problem name with an enthusiastic retail base and therefore not one we have focused on but a quick look shows its stock is divorced from its fundamental reality. With limited cash left, FY23 net income that would have been negative to the tune of ~$700 million but for a corporate debt exchange and a Q1 2024 net income that also would have negative but for a gain on fair value of warrants, it's probably just a matter of time before the wheels fall off here. High leverage, restrictive rates, and financial red flags are a deadly long-term combo. Management's claim in Q1 earnings that "we have never been more confident in our opportunity to become the largest and most profitable automotive retailer and to buy and sell millions of cars" stands at stark odds with the ~$68 million in stock sales since April including many insiders dumping after its recent 'earnings'. We wouldn't be surprised if the company has to sell stock to survive in the near future. Good luck either way and we appreciate all the interested outreach.
I shorted CVNA from 5 to 7 and lost a bunch of money, thank goodness I never tried again.
I got CVNA puts too for November, but it's insane how long they've been getting away with it already as the SP fucking multiplies. I have no idea who's still buying the stock as insiders are selling the whole lot as we speak.
Then do LEAPS puts - for example I've got CVNA puts for Jan 25, those mofos won't get away with cooking their books that long.
Looks like some insiders at CVNA with old, vested RSUs sold them all. Generally happens around this time of year, after full year earnings are known and the related 10ks get filed. But, they usually keep the oldest ones, rather than pay the taxes on the highest gains, because its kind of a bragging right in the board room and shows confidence in the company trajectory.
CVNA and TSLA are the embodiments of Karma don’t exist.
They just don't want to buy anything and will take profits on even the slightest weak guidance. That's why all these mostly excellent earnings results lately result in mostly dumps with occasional weak pumps. Unless you're a safe haven stock like CVNA ofc.