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(Yahoo)   Carvana stock up 282% YTD, outpacing the likes of Meta, Bed Bath & Beyond, and Tesla   (finance.yahoo.com) divider line
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    More: Weird, Stock market, Economics, Interest rate, Economy, Management, Share (finance), Inflation, United States  
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502 clicks; posted to Business » on 02 Feb 2023 at 6:11 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



23 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
Lsherm [TotalFark]
2023-02-02 5:09:46 PM  
Subby, this is like cheering a track star started who running the race again after having a heart attack. Mid race.

Fark user imageView Full Size
 
Geotpf
2023-02-02 6:20:54 PM  
Proving once again that the stock market, in the short term at least, is merely another form of gambling.
 
HempHead
2023-02-02 6:22:38 PM  

Lsherm: Subby, this is like cheering a track star started who running the race again after having a heart attack. Mid race.

[Fark user image 459x215]

It started very low this year too:
Fark user imageView Full Size
 
Lsherm [TotalFark]
2023-02-02 6:27:39 PM  

HempHead: Lsherm: Subby, this is like cheering a track star started who running the race again after having a heart attack. Mid race.

[Fark user image 459x215]
It started very low this year too:
[Fark user image 850x537]


It started very low because it lost like 98% of its total value last year. So gaining 200% in a month isn't much.
 
Rapmaster2000
2023-02-02 6:34:23 PM  
I'm just going to put $500 on each of the most shorted stocks and treat it like a lottery ticket. This is clearly a coordinated maneuver.
 
Snarcoleptic_Hoosier
2023-02-02 6:35:31 PM  
Oh well, up 200% year to date... in February. That's like advertising you've got the highest grossing film of the year at the moment.
 
kozlo [OhFark]
2023-02-02 6:40:58 PM  
HODL to theeeeee moooon
 
Psylence
2023-02-02 7:26:37 PM  
I dont understand this place or how they make money... they offered me 2K more for a trade in than my local who I have known forever.

Or did I just crack the code of why they got a problem?
 
Lsherm [TotalFark]
2023-02-02 7:35:24 PM  

Psylence: I dont understand this place or how they make money... they offered me 2K more for a trade in than my local who I have known forever.

Or did I just crack the code of why they got a problem?


That's part of why they have a problem, but you're in Pennsylvania, and they do have a nationwide network of sellers. So if your car commands a premium somewhere else, they can ship it for less than $700 to one of their other locations and sell it there. Carmax does the same thing.
 
hlehmann
2023-02-02 9:17:10 PM  
Is that the company with those glass car silos featured prominently alongside major interstates that now only have one or two cars in them?  Yeah, fark 'em.
 
ssaoi
2023-02-02 9:50:17 PM  

Snarcoleptic_Hoosier: Oh well, up 200% year to date... in February. That's like advertising you've got the highest grossing film of the year at the moment.


Actually, the opposite of what you said.

200% in a month is a lot.
 
Fooshards
2023-02-02 10:06:18 PM  
Proving yet again that finance/business news is written to idiots who don't understand how time or math works

"shares up 200%!"   .... "after dropping 96%"   lol
 
Snarcoleptic_Hoosier
2023-02-02 10:19:23 PM  

ssaoi: Snarcoleptic_Hoosier: Oh well, up 200% year to date... in February. That's like advertising you've got the highest grossing film of the year at the moment.

Actually, the opposite of what you said.

200% in a month is a lot.


Large percentages are easy when you start with low numbers. It gained $10 per share. Autonation (AN) gained $30 per share in the last month.
 
ssaoi
2023-02-02 10:41:37 PM  

Snarcoleptic_Hoosier: ssaoi: Snarcoleptic_Hoosier: Oh well, up 200% year to date... in February. That's like advertising you've got the highest grossing film of the year at the moment.

Actually, the opposite of what you said.

200% in a month is a lot.

Large percentages are easy when you start with low numbers. It gained $10 per share. Autonation (AN) gained $30 per share in the last month.


On that point, I agree. 

When you stated the "YTD in February part", it sounded like the spike wasn't much to trumpet about because it all happened in such a short period of time.
 
thornhill
2023-02-02 11:05:49 PM  

Snarcoleptic_Hoosier: ssaoi: Snarcoleptic_Hoosier: Oh well, up 200% year to date... in February. That's like advertising you've got the highest grossing film of the year at the moment.

Actually, the opposite of what you said.

200% in a month is a lot.

Large percentages are easy when you start with low numbers. It gained $10 per share. Autonation (AN) gained $30 per share in the last month.


No.

The only point about using percentages is for an apple to apples dissuasion. Whether a stock is in the single or triple digits, a 200 percent gain in a month is unusual and extraordinary.
 
Mcavity
2023-02-02 11:12:19 PM  
this is the dealership that played games with titles and was bared from even selling cars in some states..
 
mofa [TotalFark]
2023-02-02 11:43:53 PM  
They're down 96% in the past 15 months, and they've lost the legal ability to sell cars in several states because they engage in title fraud.
 
keldaria
2023-02-03 5:50:17 AM  

thornhill: Snarcoleptic_Hoosier: ssaoi: Snarcoleptic_Hoosier: Oh well, up 200% year to date... in February. That's like advertising you've got the highest grossing film of the year at the moment.

Actually, the opposite of what you said.

200% in a month is a lot.

Large percentages are easy when you start with low numbers. It gained $10 per share. Autonation (AN) gained $30 per share in the last month.

No.

The only point about using percentages is for an apple to apples dissuasion. Whether a stock is in the single or triple digits, a 200 percent gain in a month is unusual and extraordinary.


I wouldn't exactly call it extraordinary. It's a stock that was $300 a share that collapsed to under $10 a share. The fact that it can still swing $10 over a month at such low values isn't extraordinary because it's value just collapsed last year. Assuming it's not headed for $0 because it's going out of business, then it's volatility is bound to be stupid until the market settles on where the stock should be valued. The fact that investors think the company might survive and not go to $0 is probably the reason for the jump as speculative traders are buying up shares thinking it might recover a portion of its previously lost value.

Now you want extraordinary, show me a stock that's risen 200% in a month that isn't purely recovering a small fraction of lost value from a year ago.
 
BMFPitt
2023-02-03 7:00:01 AM  

ssaoi: When you stated the "YTD in February part", it sounded like the spike wasn't much to trumpet about because it all happened in such a short period of time.


More the fact that it is lower than it was 4 months ago.
 
jake3988 [OhFark]
2023-02-03 8:11:25 AM  

keldaria: thornhill: Snarcoleptic_Hoosier: ssaoi: Snarcoleptic_Hoosier: Oh well, up 200% year to date... in February. That's like advertising you've got the highest grossing film of the year at the moment.

Actually, the opposite of what you said.

200% in a month is a lot.

Large percentages are easy when you start with low numbers. It gained $10 per share. Autonation (AN) gained $30 per share in the last month.

No.

The only point about using percentages is for an apple to apples dissuasion. Whether a stock is in the single or triple digits, a 200 percent gain in a month is unusual and extraordinary.

I wouldn't exactly call it extraordinary. It's a stock that was $300 a share that collapsed to under $10 a share. The fact that it can still swing $10 over a month at such low values isn't extraordinary because it's value just collapsed last year. Assuming it's not headed for $0 because it's going out of business, then it's volatility is bound to be stupid until the market settles on where the stock should be valued. The fact that investors think the company might survive and not go to $0 is probably the reason for the jump as speculative traders are buying up shares thinking it might recover a portion of its previously lost value.

Now you want extraordinary, show me a stock that's risen 200% in a month that isn't purely recovering a small fraction of lost value from a year ago.


Yeah... Companies headed towards bankruptcy are very volatile with their stocks.

It crashed because the pandemic is basically over, so the used car market has cooled way down.  That hasn't really changed.
It crashed because they've been banned in multiple states.  They seemingly don't care.  That hasn't changed.
But the biggest reason it crashed is because everyone thought and assumed they were going to file for bankruptcy... which hasn't happened yet to my knowledge.  The market thinks it might survive (at least in the short term) so the stock is rising back up (a little!  But percentage wise, quite a lot)

If they manage to fix the issues with them banned in those states and stave off bankruptcy, expect it to rise much further.

If they don't and/or ultimately file for bankruptcy, expect it to re-tank down below $1 and then get delisted.
 
DaMannimal
2023-02-03 9:45:13 AM  
Want more proof this is a fake rally? This is it right here.  This doesn't end until companies like Carvana are bankrupt.
 
The Smails Kid
2023-02-03 10:11:10 AM  

mofa: They're down 96% in the past 15 months, and they've lost the legal ability to sell cars in several states because they engage in title fraud.


Is that bad? That sounds bad.
 
DesertCoyote [OhFark]
2023-02-03 1:45:02 PM  

DaMannimal: Want more proof this is a fake rally? This is it right here.  This doesn't end until companies like Carvana are bankrupt.


It sounds like GameStop 2.0 to me.
 
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