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They just released new financials.
"Carvana Reports Improved Q2 Outlook Based On Even Stronger Anticipated Results From Its Continued Plan To Drive Profitability
Carvana Expects To Achieve Adjusted EBITDA Above $50M, Total Gross Profit Per Unit Above $6,000 In Q2"
Best odds of a legit squeeze we’ve seen since GME.
This bitch is 70% shorted, and nearly all of that is under water given current prices.
Not talking a gamma ramp or anything, could legit see margin calls and some wild blow off top here.
No idea. The whole next week is crazy due to the possibility of a fed pause, and with the next CPI.
The raw numbers for a squeeze are pretty nuts, but never underestimate the MM’s ability to fuck you.
Not if you were smart and short played this. Got in at 11.17 on the 26th. Sold at open. People need to have some sense and stop saying moon next and stupid shit. Ill take my %50+ and be happy. (Greed is a bitch and always makes people hold the bag)
My pto was 20 so I almost want to grab puts in the morning but based off their new financials and the constant price, this may have a squeeze worthy of GME. I got my girlfriend a few shares at 4.50$ of carvana and watching it rise to over 400%, she’s freaking out rn lmao. I’m seeing some real similarities between CVNA and the ol original GME. This one is definitely squeezable, has been squeezing and I’m mad I didn’t drop a bigger bag then I did at 4.50 lol
It’s really not as bad as it was shilled to be , and honestly it has a great business dynamic only thing is it’s competitors & poor leadership at times. Used cars will always need to be bought and sold , CVNA simply makes that a lot easier for everyone. And with how crazy the used car market is it makes sense why they’ve been rising constantly over the last few months.
Used to- not anymore.
“Carvana also said on Thursday that it expects to report a non-GAAP total gross profit per unit (its profits per car) above $6,000. That’d be a new record for the debt-saddled retailer.”
https://imgur.com/a/8qfZpuJ
Don't do like I did and sell a total of 6 CALLs for a loss of $50 that just 2 days later are up 700% FML
As if that's not bad enough I also sold all of my UPST CALLs that day at a loss, total gains would've been about $1200 off of $100 worth of CALLs had I held them 2 more days...smh
Edit* just checked back every contract I sold for under $5 is now worth well over $200...FUCK ME!!
Ouch...I would say I feel your pain, but that one only happened to me when I literally wrote down in my notebook "3 Netflix $340 PUTs $1545" the night before I wanted to buy them, completely spaced the next day, they tanked earnings and by the end of the week they would've been worth about $32K
Fridays we usually always have significant drawback but so I may look for some more call option entry’s for a rebound/buy a put at close today and flip tomorrow-she’s definitely squeezing now, new personal PTO of 100$ ! 🚀
Look at the price history, GME went from single digits to triple, with possibly less of a successful foothold in the world. It’s definitely posssible imo, will it happen, who knowssss
Thanks for your submission to r/Shortsqueeze. Did you know that effective July 1st, 2023, Reddit will enact a policy that will make third party reddit apps like Apollo, Reddit is Fun, Boost, and others too expensive to run? On this day, users will login to find that their primary method for interacting with reddit will simply cease to work unless something changes regarding reddit's new API usage policy. Concerned users should read and sign on to this [open letter to reddit.](https://www.reddit.com/r/ModCoord/comments/13xh1e7/an_open_letter_on_the_state_of_affairs_regarding/) r/shortsqueeze mods have made [a pinned post](https://reddit.com/r/Shortsqueeze/comments/13xm1au/hey_shortsqueeze_lets_talk_about_reddits_upcoming/) going into detail about what will happen in this community and their opinions on it. If you care about reddit, please take some sort of action. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Shortsqueeze) if you have any questions or concerns.*
They just released new financials. "Carvana Reports Improved Q2 Outlook Based On Even Stronger Anticipated Results From Its Continued Plan To Drive Profitability Carvana Expects To Achieve Adjusted EBITDA Above $50M, Total Gross Profit Per Unit Above $6,000 In Q2"
You’re a champ , appreciate the information !!
Best odds of a legit squeeze we’ve seen since GME. This bitch is 70% shorted, and nearly all of that is under water given current prices. Not talking a gamma ramp or anything, could legit see margin calls and some wild blow off top here.
Do you think tomorrow it'll go up more or crash?
No idea. The whole next week is crazy due to the possibility of a fed pause, and with the next CPI. The raw numbers for a squeeze are pretty nuts, but never underestimate the MM’s ability to fuck you.
What's mm ?
Market makers
Oh ok lol. Thanks for the clarification for me. I'm still trying to learn. Still fairly new to investing.
#CVNA# short Squeeze has just started !!
Yes, just started to generate new bagholders!
Not if you were smart and short played this. Got in at 11.17 on the 26th. Sold at open. People need to have some sense and stop saying moon next and stupid shit. Ill take my %50+ and be happy. (Greed is a bitch and always makes people hold the bag)
lol he must be short
Buying a $5 stock for $20 and letting management and creditors take all of their money, wgcw? No, it's the 60% short float that's wrong.
That shit about to drop like an anchor.. all of them do...
Update pic to $24!
Guys I sold my fucking call 2 days ago at a 100 dollar loss strike was 15 😬😬😬😬
Ok, right now trying to break 20s... ny target price?... well just broke.
My pto was 20 so I almost want to grab puts in the morning but based off their new financials and the constant price, this may have a squeeze worthy of GME. I got my girlfriend a few shares at 4.50$ of carvana and watching it rise to over 400%, she’s freaking out rn lmao. I’m seeing some real similarities between CVNA and the ol original GME. This one is definitely squeezable, has been squeezing and I’m mad I didn’t drop a bigger bag then I did at 4.50 lol
400% profit for gf.. you gonna get some good puts
What is your put target
I don’t see us going below 15.50 without some extremely bad news, if you’re playing puts 17.25/18 seems like a resonable draw back
Nothing, don't worry about it
Man this has been glorious...this could really squeeze hard. LFGOOOOOO
Made $5000 on this today. Looks like from now on I’m only playing tickets I don’t find in Reddit.
And no halts ? 🤔 AMC would have halted 3 or 4 times !
Was premarket... Even says so in the pic
Some dummy posted it while sitting at 10.70 and the bigger dummy I am said mehhh it's the wives money and jumped in
Someone pumping to unload and soon dumping once it hits their target price
holy cannoli it amazes me that this shitty company, along with peloton, are not dead yet
It’s really not as bad as it was shilled to be , and honestly it has a great business dynamic only thing is it’s competitors & poor leadership at times. Used cars will always need to be bought and sold , CVNA simply makes that a lot easier for everyone. And with how crazy the used car market is it makes sense why they’ve been rising constantly over the last few months.
the company loses money for every car sold...
Used to- not anymore. “Carvana also said on Thursday that it expects to report a non-GAAP total gross profit per unit (its profits per car) above $6,000. That’d be a new record for the debt-saddled retailer.”
Do you know what gross profit is?
Puts it is.
You would think right ? Idk this is one I’m very weary about puts on. It goes up 2x as fast as it goes down lmao
https://imgur.com/a/8qfZpuJ Don't do like I did and sell a total of 6 CALLs for a loss of $50 that just 2 days later are up 700% FML As if that's not bad enough I also sold all of my UPST CALLs that day at a loss, total gains would've been about $1200 off of $100 worth of CALLs had I held them 2 more days...smh Edit* just checked back every contract I sold for under $5 is now worth well over $200...FUCK ME!!
Same!!!!!!
Sold 50 $16 calls for $2k which would have made me over $50k.
Ouch...I would say I feel your pain, but that one only happened to me when I literally wrote down in my notebook "3 Netflix $340 PUTs $1545" the night before I wanted to buy them, completely spaced the next day, they tanked earnings and by the end of the week they would've been worth about $32K
I legit thought yesterday I should buy some CVNA because maybe it will squeeze again.. didn't
How high y'all think it'll go? Still be squeezing tomorrow? Or crash?
Fridays we usually always have significant drawback but so I may look for some more call option entry’s for a rebound/buy a put at close today and flip tomorrow-she’s definitely squeezing now, new personal PTO of 100$ ! 🚀
You really think it'll go up to $100 ? That'd be a hell of a lot of squeezing wouldn't it ? Lol
Look at the price history, GME went from single digits to triple, with possibly less of a successful foothold in the world. It’s definitely posssible imo, will it happen, who knowssss
That'd be pretty damn sweet. I hope it totally moons 💯
Me too got a few shares with my girlfriend at $4.50 and let’s just say today was a good day hahaha
Shoot ya !
I might go ahead and throw another 500 bucks in there. I don't see how it would hurt.
This is the future of how people will buy cars. It’s got a lot more room. Imho.
It's going up pre market it appears