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Carvana

VRM 35K calls block expiring soon! Extremely Bullish !!Yesterday i was amazed to see a block of 35K calls worth of $525K on VRM expiring May 20. And i will explain to you why they might be extremely profitable! Since its highs, VRM lost 97.76% of its value and it`s not a crypto, by the way, it`s a company that makes billions of dollars. The calls are related to the first Quarter earnings on May 9, so they expire 11 days after the results. What should we expect from the earnings? - revenue growth! last quarter their Ecommerce revenue was $738.7 million, up 159% year over year; gross profit was also up a lot, 64% YoY! - a strong financing business! On February 01, 2022, Vroom announced the successful completion of its acquisition of United Auto Credit Corporation (UACC), a proven leader in automotive finance for $300 Mil. Soon after the news above was released, on 2/3/2022, Bank of America set a price target for VRM of $30.00 So how come it is trading at $1.62??? Well, 27.11% of the share float is Shorted! Big institutional owners like Vanguard, Blackrock, Morgan Stanley, JPMorgan Chase have average entries at $40! And many of them had recently averaged down their investment, like Goldman Sachs which reported on 2/17/2022 an increase of 104.5% in their ownership in VRM, respectively 1,753,977 shares worth $18.93Mil for a total of 1.281% of the company. Their average is now $22.55. So if they are happy with a 22 average, how come we don`t we buy it at $1.62? VRM has a Price to book ratio of 0.24 now. A P/B ratio less than 1 means that the stock is trading at less than its book value, it`s way undervalued! the Price to Sales ratio is only 0.07! By comparison, its rival, CVNA (Carvana), has a P/S of 1.16. Based on Q4 Financials, If they liquidated the inventory, cash in on all receivables and pay off the $600M senior note, each shareholder will receive approximatively $6.5 per share. If we look at the daily timeframe, VRM formed a falling wedge pattern which is extremely bullish as you know, on an oversold area, 25 on the RSI. Institutional ownership in VRM is high, 92.19% 52 Week Range 1.58 - 48.80 Market Cap of only $235.47Mil! Can be a buyout at this point! 2021 Revenue: $3.18Bil All things considered, fundamental and technical analysis, i think that the 35K calls will be in the money, extremely profitable, by the time of expiration. My short term price target for VRM is $5.5, i think it`s trading so low because it`s heavily shorted by the hedge funds, to have a better average on their entry. Looking forward to read your opinion about it!
NASDAQ:VRMLong
by TopgOptions
2
Carvana (NYSE: $CVNA) Starting To Look Interesting! 🚗Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona.
NYSE:CVNALong
by Bullishcharts
3
Carvana bouncing from its 200 EMA. As the earnings is approaching. Carvana looking to bounce from its 200 EMA line. As it makes the move upward, it might potentially create momentum breaking its 21 day EMA (currently at $298) then its 50 day EMA (currently at $310). First target within next few daily sessions is $300 to $310. If it breaks above $315, Looking to test its ALL time high in next few months. RSI is currently over sold. MACD signaling bullish crossover. (OVERALL LOOKING BULLISH IN FUTURE) AVERAGE ANALYST PRICE TARGET - $401
NYSE:CVNALong
by tejasshindolkar92
Has Carvana Run Out of SteamCarvana ( cvna ) has been in a rally since mid-May and recently Carvana beat earnings by over 160%. Shareholders who have been riding this profitable rally have raked in over 59% in unrealized gains. These same shareholders should now start to wonder if it's time to take some of that profit. For online used car dealer Carvana, acquiring vehicles is less of a problem, said CEO Ernie Garcia, but the company faces a different kind of supply constraint. Garcia said, "Over the last several quarters we've actually bought more cars from our customers than we've sold them. But we don't have the capacity today to certify as many of the cars as we could buy and we have more demand than we can handle as well." The question savvy investors are asking is this. Has business for Carvana reached a ceiling for now, and therefore, has its stock price also reached the same point? The stock price fell into a range of $328/support and $340/resistance for about two weeks before earnings. Then, after beating earnings, the stock price had a burst of momentum. Now, the stock price, volume, and RSI have all turned lower while the economy is shifting and FUD enters the market. So the question to ask must be; has Carvana's stock run out of steam for the next few months?
NYSE:CVNA
by TickerTimeNews
1
Shift Technologies on the verge of a bullish breakoutShift Technologies $SFT is similar to $CVNA and $VRM, but it has greater potential as of course somewhat more risk since it is the smallest of all. With the massive run of $CVNA and great potential of $VRM and $SFT it is expected the hot used car market boosts the sales of both companies and makes up for the stock pricing lag. Today, the QE2 will determine whether the outstanding resistance around 9.30 for $SFT can be broken or not; if so, it will open the door for higher prices in the coming days and weeks. $SFT has some really great growth potential when checking the stats. DYODD, not trading advice!
SLong
by IboProtrader
4
CVNA Earnings IdeaCVNA price action will be interesting to watch as it runs up to earnings. I don't think earnings will be different this time around - nothing has really changed with pandemic and people are still looking for used cars as an alternative transportation. Price action has been grinding the upward trendline as well, and hopefully continues to do so. Will be looking at 189 and 184 as possible entry points which is possible by Friday 10/23. CVNA has also been surprisingly undersold since gapping up last month.
NYSE:CVNA
by itsmiguelsol
CVNA falling knife, wait for the trade...CVNA is in a falling wedge and failed to hold above the 236 from ATH to recent swing low, super bearish. Daily bearish divergence playing out on the MACD, RSI showing continuation of the bear trend. VFI is super bearish indicating low money flow. All on daily time scales. There is weak support at 27.65, with major supports being both 23.60 and the bottom of the channel. If the channel doesn't hold, the 786 from the major swing is the next psychological support, as well as the bottom of the wedge w/ stronger supports at 19.20, 16.75, 12.46 prices.
NYSE:CVNA
by remlog