We came across a bearish thesis on Carvana Co. on Nemonomics’s Substack by Nick Nemeth. In this article, we will summarize the bulls’ thesis on CVNA. Carvana Co.’s share was trading at $347.56 as of August 8th. CVNA’s trailing and forward P/E were 86.46 and 69.44, respectively according to Yahoo Finance.
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Carvana (CVNA) has surged from near-bankruptcy to a $45+ billion market cap on strong earnings, but its valuation appears disconnected from its...
