Carvana Co. (CVNA): A Bear Case Theory

We came across a bearish thesis on Carvana Co. (NYSE:CVNA) on wallstreetbets Subreddit Page by High-Voltage-. In this article, we will summarize the bears’ thesis on CVNA. Carvana Co. (NYSE:CVNA)'s share was trading at $177.16 as of Jan 3^rd. CVNA’s trailing and forward P/E were 54.03 and 88.50 respectively according to Yahoo Finance.

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Hindenburg Research has once again provided a compelling report, digging into Carvana’s financials and...