What better time to replay my 2022 Twitter Spaces on Carvana (CVNA) and its ability to survive a potential bankruptcy than this week?
If you haven't heard, CVNA has ripped over the past two years, rising from a low of ~$4/share to over $100/share.
This is easily one of the most controversial stocks on Twitter. You either LOVE or HATE Carvana. There's no in-between.
Fast-forward to 2024 and my Twitter audience has grown, so a lot of people probably missed this conversation.
It's also a great way of reviewing past priors and seeing how those have changed over time.
I hope you enjoy!
----------------------------------------------------------------
This week, we’re chatting all things Carvana ($CVNA) from a Twitter Spaces I organized on July 7, 2022. The goal was to figure out the +20 billion dollar question… Will Carvana ($CVNA) survive?
We discussed how much liquidity Carvana has, what could cause a liquidity crunch, and whether the valuation is attractive enough.
Plus, we had amazing guests such as Henry Rearden (@integrity4mkts), @GuyDealership, and Marc Cohodes (@AlderLaneEggs).
- [2:00]@WolfofMStreet bullish view
- [12:30] Bull Case: Carvana is not a fraud but falling used car prices are a big danger
- [21:00] @sixdegreestech take
- [24:00] How much liquidity does Carvana has?
- [29:00] What could make Carvana to have a liquidity crunch?
- [32:00] Valuation is not attractive yet: CVNA is not increasing and Inventory is increasing
- [43:00] Leverage + Garcia’s Management: Formula for disaster.
- [57:00] Henry’s Research
- [1:03:00] @GuyDealership insights
Finally, a big thanks to the following sponsors for making the podcast a reality.
Mitimco
This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.
For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more!
Tegus
Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.
I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.
TIKR
TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive.
Value Hive Podcast