Im keeping bullish expectations on carvana I expect price to make a structural retracement
to my highlighted zone followed by stonks stonks stonks baby nothing to do with the underlying business at all just momentum and a whole lotta sass
that said here are some encouraging words from Ernie the CEO
“Carvana performed exceptionally well in the second quarter and set Company records for Adjusted EBITDA and gross profit per unit, which was up 94% year-over-year, all while continuing to lower expenses. Our strong execution has made the business fundamentally better, and combined with today’s agreement with noteholders that reduces our cash interest expense and total debt outstanding, gives us great confidence that we are on the right path to complete our three-step plan and return to growth,” said Ernie Garcia, Carvana's Founder and Chief Executive Officer.
to my highlighted zone followed by stonks stonks stonks baby nothing to do with the underlying business at all just momentum and a whole lotta sass
that said here are some encouraging words from Ernie the CEO
“Carvana performed exceptionally well in the second quarter and set Company records for Adjusted EBITDA and gross profit per unit, which was up 94% year-over-year, all while continuing to lower expenses. Our strong execution has made the business fundamentally better, and combined with today’s agreement with noteholders that reduces our cash interest expense and total debt outstanding, gives us great confidence that we are on the right path to complete our three-step plan and return to growth,” said Ernie Garcia, Carvana's Founder and Chief Executive Officer.
Comment:
Price hit my entry $36.27 now im long until structure isn't safe