Did shorts get squeezed this afternoon by Carvana??

[SunTrader]

"... the company recorded a $75 million "gain in the fair value of Carvana's warrants to acquire Root common stock."

The Root, the Root, The Root is on fire.

WTF is Root?

 

[tomkat22]

Ug,please dont mention ROOT. I made a fat finger mistake on that stock back in february I'm still digging out from.

 

[S2007S]

Just looking after hours...CVNA is up about 32%.

I don't follow the stock...But it seems the biggest surprise so far in the earnings season.

CVNA is a joke. Company will eventually feel the pinch as buyers step away, I can't understand why anyone would be paying as much as they have been paying for used car prices, they are finally coming down and the hype of car flipping is just about over with. It was a short squeeze on the stock to see it up nearly 40% today.

 

[S2007S]

I think the Carvana business model is based on the idea that Millennials and Gen Z'ers hate any kind of contact with another actual human being. They'd rather just sit on their couch,on their iPhone and order their next vehicle online and have it delivered to their driveway.

My favorite part is haggling with those slimy dirt bag pieces of garbage sales guys on the dealership floor. All those guys are just filth, them and oh yea real estate agents. Those scum bags lie just like the rest of them.

 

[murray t turtle]

day chart

Mountain peak in Aug 2021.

from day 1 to May 2022, volume was very low.
Since then, the volume has grown.

Since May 2023, lows are slowly getting higher and higher.
When you see the price went up significantly,
do not think the shorts got squeezed.
There could be hardly any SHORTS.

%%
USING Peter Lynch[Fidelity Magellan] principle , those are not my buys on CVNA chart=
I never ever even saw a CVNA dealership
Good way to get your gamestopped , so to speak, ignore a stampede.
When I do inverse trades[aka short profits I like about 500 or 100@a time , ETFs, out by sunset.
NOT sarcasm, +inverse ETFs = ''NOT suitable for most investors''

 

[maxinger]

%%
USING Peter Lynch[Fidelity Magellan] principle , those are not my buys on CVNA chart=
I never ever even saw a CVNA dealership
Good way to get your gamestopped , so to speak, ignore a stampede.
When I do inverse trades[aka short profits I like about 500 or 100@a time , ETFs, out by sunset.
NOT sarcasm, +inverse ETFs = ''NOT suitable for most investors''

There has been strong interest since 2022.

Cvna chart is one of the most beautiful chart in the world.

Up it goes.
How high will it goes? No idea

 

[tomkat22]

Looks like CZOO getting a sympathy bounce.

 

[Cabin1111]

Just laughing, thinking of the margin calls...

 

[engineering]

The Root, the Root, The Root is on fire.

If you look at their operating losses, they pretty much are.

 

[TrailerParkTed]

Ug,please dont mention ROOT. I made a fat finger mistake on that stock back in february I'm still digging out from.

It’s a tough stock to trade with size!