CVNA Carvana’s profits look superhuman, but it’s all smoke and mirrors—numbers that big in a cutthroat, low-margin used car industry don’t happen without creative accounting at best, outright deception at worst. The puppet master behind the scenes is the CEO’s father, a convicted fraudster, pulling strings via DriveTime to keep profits and risks hidden from view. Management’s been cashing in, selling shares at the top while retail chases, and last quarter’s sales only popped because buyers panicked over tariffs—a sugar high that will lead to a nasty crash. Regulators and insiders all know the math doesn’t work, but as long as big lenders have skin in the game, reality takes a back seat to hype. Shorts get steamrolled not because they’re wrong, but because the “system” props up the illusion—for now. The real risk? When the curtain finally falls, this bubble won’t just deflate; it’ll explode. If it all feels too good to be true, it is. Don’t let glossy numbers blind you—question everything and tread carefully.Carvana Co. stock forum
CVNA Carvana’s profits look superhuman, but it’s all smoke and mirrors—numbers that big in a cutthroat, low-margin used car industry don’t happen without creative accounting at best, outright deception at worst. The puppet master behind the scenes is the CEO’s father, a convicted fraudster, pulling strings via DriveTime to keep profits and risks hidden from view. Management’s been cashing in, selling shares at the top while retail chases, and last quarter’s sales only popped because buyers panicked over tariffs—a sugar high that will lead to a nasty crash. Regulators and insiders all know the math doesn’t work, but as long as big lenders have skin in the game, reality takes a back seat to hype. Shorts get steamrolled not because they’re wrong, but because the “system” props up the illusion—for now. The real risk? When the curtain finally falls, this bubble won’t just deflate; it’ll explode. If it all feels too good to be true, it is. Don’t let glossy numbers blind you—question everything and tread carefully.
CVNA How is this in the gutter after those banger earnings? Ugh
CVNA if this closes below 352 today it’s a great short.
CVNA Price reacted from the resistance zone highlighted in prior updates with three days of distribution. Odds are increasing that the uptrend from the April low is complete and price is now topping before a sell-off toward the 200DMA.Watching for a lower high after a bounce may offer a shorting opportunity.
Chart: tradingview.com/x/S3DGBJyP/
Previously:
Macro resistance (Aug 1): tradingview.com/symbols/NYSE-CVNA/minds/?mind=-XMdaNFHQi2gI9uBxZu20Q
More upside potential (Jul 21): tradingview.com/symbols/NYSE-CVNA/minds/?mind=XzEJB6tOSYuw2Mh2BA-5Ng
Constructive bounce (Jul 2): tradingview.com/symbols/NYSE-CVNA/minds/?mind=BHPi5jBBTSW-jJaWMdLsFQ
Mid-term support pullback (Jun 11): tradingview.com/symbols/NYSE-CVNA/minds/?mind=B87Y42qyT7CsqDlR_TlrMg
Upside toward Aug ’21 ATH (May 25): tradingview.com/symbols/NYSE-CVNA/minds/?mind=rpDpgJvATB2r7gV9jrgFSQ
CVNA retest of the support at $360 soon?CVNAPrice gapped into the macro resistance zone that has been outlined since my initial coverage of the trend structure in late May.
At this stage, I expect price to start forming a top for the uptrend that began at the April bottom. Ideally, price consolidates within the 425–435 extension zone. However, if the bullish momentum remains strong, a further extension toward 480 is still possible.
Chart:
tradingview.com/x/hEozxuvV/
Previously shared updates:
• On more upside potential (Jul 21):
tradingview.com/symbols/NYSE-CVNA/minds/?mind=XzEJB6tOSYuw2Mh2BA-5Ng
• On constructive bounce (Jul 2):
tradingview.com/symbols/NYSE-CVNA/minds/?mind=BHPi5jBBTSW-jJaWMdLsFQ
• On pullback to mid-term support (Jun 11):
tradingview.com/symbols/NYSE-CVNA/minds/?mind=B87Y42qyT7CsqDlR_TlrMg
• On potential upside toward Aug ’21 ATH (May 25):
tradingview.com/symbols/NYSE-CVNA/minds/?mind=rpDpgJvATB2r7gV9jrgFSQ
CVNA if this thing scallops, I think we’re headed towards $600 by the end of the yearCVNA $320 by Thursday, resulting in a bearish pin bar/engulfing candle on the monthly chartCVNA Price action continues to look constructive for at least one more leg higher toward the macro resistance zone outlined in my June 11 update.Chart:
tradingview.com/symbols/NYSE-CVNA/minds/?mind=BHPi5jBBTSW-jJaWMdLsFQ
Previous coverage:
On upside to Aug ’21 ATH (May 25): tradingview.com/symbols/NYSE-CVNA/minds/?mind=rpDpgJvATB2r7gV9jrgFSQ
On pullback to mid-term support (Jun 11): tradingview.com/symbols/NYSE-CVNA/minds/?mind=B87Y42qyT7CsqDlR_TlrMg
On constructive bounce (Jul 2): tradingview.com/symbols/NYSE-CVNA/minds/?mind=BHPi5jBBTSW-jJaWMdLsFQ
CVNA I wonder how long before big institutions switch from defending the share price in the face of massive insider selling and increasing headwinds for the used car market to rushing for the exit. Manufacturing good looking headline numbers that aren't in line with the rest of the company when considered holistically seems to be part and parcel of modern scam companys. There are many of them doing it these days because it seems retail traders aren't sophisticated enough to look deeper than the headline numbers that appear on the surface. This company looks absolutely terrible when you actually look into it and ask simply questions like the nature of their drivetime loan repurchase agreements or thier profitably and debt load.