2024-04-21 11:30:00 ET
Summary
- Carvana investors have outperformed the S&P 500 hands down with a spectacular 1Y total return exceeding 700%.
- Carvana has proved its ability to increasingly deliver profitable growth.
- CVNA bottomed out in late 2022, justifying why the market returned to bullishness at a time when bearish investors were caught napping.
- The market is always forward-looking and not backward-looking. Stop looking behind to justify your bearish thesis.
- With CVNA returning to scaling for growth, its ability to drive growth profitably could inflict more pain on short sellers.
Carvana Co. ( CVNA ) investors have enjoyed a massive battering of bearish prognosticators (that includes me) over the past year. After posting a 1Y total return of more than 720% and easily beating the S&P 500 ( SPX ) ( SPY ), it doesn't make sense for bearish investors to keep repeating the market is wrong. If anything, the market is never wrong, but analysis can be faulty....
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For further details see:
Carvana: Epic Rally Underscores Why The Market Is Right (Rating Upgrade)