2/19 Carvana beats profit estimates

This topic has 1 reply, 2 voices, and was last updated 1 month, 1 week ago by Java.

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- February 19, 2026 at 6:35 pm #10161
  
  BigBalls
  Participant
  
  And drops like a rock in a lake. No one is believing their numbers. This is what is making investors nervous:
  
  “Carvana’s shares have been under pressure this year. In January, the stock tumbled after short seller Gotham City Research alleged Carvana overstated earnings by failing to fully disclose all the benefits it received from DriveTime, a privately held used car retailer and subprime lender owned and controlled by Ernie Garcia II, father of Carvana’s CEO.
  Gotham said those benefits inflated Carvana’s earnings by about $1 billion in 2023 and 2024. Carvana has denied the allegations in Gotham City’s report.”
- March 3, 2026 at 5:47 pm #10477
  
  Java
  Keymaster
  
  I got out of 1,000 short shares. Sold at $406. Then bought out at $310. And the rest today at $300.
  
  So that’s $200k for the good guys.
  
  remember a couple weeks ago when I was whining and crying about how much money I had lost on that stock? How I would never play the option game ever again with that stock?
  
  So I decided to look back over the last two or 2 1/2 years since I have been blowing that horn And to prove how recency bias screws us up? Sure enough I have made 1.3 million playing that game on that stock. That is not bad for a stock that I’ve never really owned actually never have owned and just keep betting against 1.3 million is a pretty decent side income over a 2 year period And the last couple days I think boost that to probably 1.5 mil
  
  so I guess I wasn’t exactly ruined by it after all
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