CVNA as long as price continues closing below the 395 mid-term resistance, downside momentum toward the 300–280 macro support zone remains the primary scenario.
CVNA ROOT warrants officially expired worthless as of yesterday. Non cash hit to EPS of well over $1.50 per share ($180+M) coming in Q3. No related guidance from CVNA and nothing baked in to analysts forecasts. The question is will anyone care :)? It's 1% of the used car market and valued higher than Carmax and Ford combined.
CVNA heavy repricing incoming? After today's news about Hertz planning to sell cars on Amazon, CVNA no longer has any advantage over their competitors. Currently CVNA is atleast 5-10x overpriced. I'm sure the ANALysts will panic now.
CVNA looks like a multi-layered head and shoulders forming on the higher time frames. Earnings pop was the head. Head probably completes around $290-300
CVNA inverse head and shoulders forming on the lower time frame, looks like the right shoulder needs to complete still so expect another drop down before going higher
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 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.
CVNA as long as price continues closing below the 395 mid-term resistance, downside momentum toward the 300–280 macro support zone remains the primary scenario.
