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Carvana Co.

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CVNA trade ideas

Carvana (CVNA) AnalysisCompany Overview: Carvana, a leader in the online used car market, is transforming its business model following its acquisition of ADESA's U.S. physical auction business in 2022. This acquisition has positioned Carvana as the second-largest used car company in the U.S. and is driving a shift towards a more profitable marketplace model. Key Highlights: Strategic Acquisition: The acquisition of ADESA's auction business is expected to enhance Carvana's profitability by transitioning towards a marketplace model, which offers higher margins compared to its traditional retail operations. Competitive Advantage: Carvana outperforms competitors like CarMax and AutoNation in terms of gross margin and profit per unit, bolstered by its strong online platform. Cost Efficiency: The company has successfully reduced over $1.1 billion in annual selling, general, and administrative (SG&A) expenses, demonstrating a commitment to improving operational efficiency. Financial Flexibility: Carvana secured a deal with creditors to extend loan maturities, providing the company with greater financial flexibility to navigate future challenges. Investment Outlook: Bullish Outlook: We are bullish on NYSE:CVNA above the $116.00-$118.00 range. Upside Potential: With an upside target of $230.00-$240.00, investors should consider Carvana's strategic shift, competitive advantages, and improved financial flexibility as key drivers for potential stock appreciation. 📈🚗 Carvana is driving towards profitability—consider it for a potentially lucrative investment opportunity! #CVNA #UsedCars 🚗🚀
NYSE:CVNALong
by Richtv_official
$CVNA Perfect post IPO Phase Base... #InvHeadnShouldersSince I've been feeling the love from follows and comments, I've decided to post what's probably my most "Warren Buffett" style stock to own for years to come... Yep, Carvana Imagine a world where all those local dealerships named after local families are disappeared by an online corporation called Carvana that can beat them in everyway due to technological advantages... TLDR Carvana is Netflix of Car Dealerships (with AI you'll probably be able to test drive virtually from home in a few years! HAHA) I've seen it happen with local video stores first with BlockBuster, but more importantly in this case Netflix... My bull scenario is that it's already had it's IPO cycle, Reddit will probably do a similar boom bust cycle before I look into buying and has a BE A U TIFUL inverse head and shoulder base to build from. This is a LEAP play. 2028 expiries... Ill be looking for a mix of strikes on OTM CALL LEAPS will also be watching open interest spikes on this stock in LEAPS with same idea. Thank me in 4 years... -Proffesseas
NYSE:CVNALong
by Prophecies_R_Us
13
$CVNA - back to $104 rangeRejected off the fib as it did on the last time it was in this range. Last time it fell hard. Only PR out is "tax credits" which is hilariously non-relevant to the company. They just sell the car that gets a tax credit. How is that even CVNA pr? Chart techs say "bullish" butttttt macd reversal, stochastic reversal, and rejection on the convergence channel show this thing go back ot 104 in the next 2 months before the next leg up. not trade advice
NYSE:CVNAShort
by mike-ai-automation
4