Did shorts get squeezed this afternoon by Carvana??

Discussion in 'Options' started by Cabin1111, May 1, 2024.

  1. maxinger

    maxinger

    no.

    My posting #3 was written with no joke/sarcasm.
     
    #11     May 2, 2024
  2. zdreg

    zdreg

    Then offer numbers not gut feeling.
     
    #12     May 2, 2024
  3. maxinger

    maxinger

    I analyze things differently from you.

    you wouldn't like the way I analyze things.
    That is fine with me.
    Just analyze things the way you feel comfortable with.


    There are ways to get those numbers.
    You can get it if you want because those numbers are not secret.
    I wouldn't look at those numbers.


    I wouldn't debate whether your way is better or my way is better.

    No more further discussion.
     
    #13     May 2, 2024
  4. zdreg

    zdreg

    Explain your way. I would like see if your methodology is useful.
     
    #14     May 2, 2024
  5. ph1l

    ph1l

    https://finance.yahoo.com/quote/CVNA/key-statistics
    upload_2024-5-2_8-40-9.png
    31% is a little more than hardly any.:p
     
    #15     May 2, 2024
    jys78 likes this.
  6. maxinger

    maxinger

    I wouldn't look at those numbers.
    But that doesn't mean you shouldn't look at those numbers.
    If it works for you, by all means, continue to look at it.


    I mainly focus on the chart.
    And also K.I.S.S.

    Good Luck with those numbers!


    upload_2024-5-2_21-54-25.png
     
    #16     May 2, 2024
  7. zdreg

    zdreg

    "I mainly focus on the chart." How do charts show the short level of activity?
     
    #17     May 2, 2024
  8. I took a look myself and came up with about 5511 per car. Suddenly making that much per sale after losses the previous 2 years is suspicious to me as well.

    From their 10k:
    "We define total gross profit per unit as the aggregate gross profit in a given period, divided by retail units sold in that period, including gross profit generated from the sale of retail vehicles, gains on the sales of loans originated to finance the vehicle"

    I wonder if they sold a bunch of cars to sub-prime buyers and who's carry the risk of default.

    This other part screamed out at me:
    "Other Gross Profit Other sales and revenues consist of 100% gross margin products for which gross profit equals revenue. "

    WTF could they possibly selling that has100% gross margin? Cloud insurance?

    It seems to make up HALF the gross profit on page 59! Other than crypto currency who the hell pay millions for something created out of thin air with no associated cost?
     
    #18     May 2, 2024
    jys78 and Cabin1111 like this.
  9. If I could hit the "like" button 5 times, I would!!

    like like like like like...yes yes yes yes yes

    This company CAN NOT issue more shares...It can try, but no market. This company CAN NOT go into the bond market for more loans!! There is NO KNIGHT IN SHINNING ARMOR waiting to rescue it...
     
    #19     May 2, 2024
  10. SunTrader

    SunTrader

    Might be getting a dose of reality this afternoon, trading below the open.

    edit: lower still.
     
    #20     May 2, 2024