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Carvana Co. (CVNA): A Bear Case Theory

 We came across a bearish thesis on Carvana Co. on Waterboy Stocks’s Substack by Waterboy Stocks. In this article, we will summarize the bulls’ thesis on CVNA. Carvana Co.'s share was trading at $360.03 as of October 9th. CVNA’s trailing and forward P/E were 98.19 and 60.61 respectively according to Yahoo Finance.

[caption id="attachment_403605" align="aligncenter" width="750"] Photographee.eu/Shutterstock.com[/caption]

Carvana (CVNA), led by the father-son duo Ernie Garcia Sr. and III, has a long history of controversial financial maneuvers that now appear to be catching...