Added to YB: 2026-02-09
Pitch date: 2026-02-05
CVNA [bearish]
Carvana Co.
+19.04%
current return
Author Info
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Company Info
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars.
Market Cap
$43.2B
Pitch Price
$391.36
Price Target
165.00 (-48%)
Dividend
N/A
EV/EBITDA
21.00
P/E
35.75
EV/Sales
2.30
Sector
Specialty Retail
Category
N/A
Carvana: Subprime Auto in Prime Clothing
CVNA (short): 10,000% rally from $4 to $415 built on deteriorating credit hidden behind 'prime' label. 100% stated income, 39% underwater at origination (vs 8-17% industry avg), sub-550 FICO borrowers added for first time, extension spikes near trigger thresholds. Securitization model at risk as losses peak Q2-Q3 2026. Target $165-250 (40-60% downside) over 12-18 months.
Read full article (34 min)