Vladimir Zakharov Listen here or on the go via Apple Podcasts and Spotify Courage & Conviction Investing talks nuance in small caps stocks and why he doesn't pay attention to the macro picture (1:10) Portfolio management vs stock picking (11:30). His top small cap picks and updates on his favorties (15:30). Subscribe to Courage & Conviction Investing's Second Wind Capital Transcript Rena Sherbill: Courage & Conviction Investing, great to have you back on the show. Courage & Conviction Investing: Hi, ...

The stock market can be harsh and unforgiving, yet it also presents opportunities for remarkable turnarounds.  Carvana (NYSE: CVNA) is a prime example. Despite Carvana teetering on the edge of bankruptcy, CVNA stock has staged an incredible comeback, soaring by over 800% in the past year.CVNA 1-year stock price chart. Source: Google FinanceThe company currently carries a significant debt load of $6.3 billion and trades at a 110x price-to-earnings (P/E) ratio. Simultaneously, default rates on car loans have ...

To say that Carvana (CVNA 9.26%) shareholders have had a bumpy ride would be putting it lightly. The online used car retailer saw its shares skyrocket in the first four years after it hit the public markets in 2017, with the market cap reaching $31 billion in August 2021. But macroeconomic headwinds that started in 2022 crushed the business, and the automotive retail stock cratered. Through 2022 and 2023, the stock dropped 77%,There's a renewed sense of hope, though. Carvana stock soared 800% from Feb. 27, ...

Earnings season for the fourth quarter of calendar 2023 is coming to a close. Clear winners and losers are emerging from the reports. The stocks behind them react dramatically to the results and investor portfolios get violently jostled by the prints. While Wall Street and Main Street were surprised by many of the reports, overall this has been a strong earnings season. Nearly 80% of companies listed in the benchmark S&P 500 index reported their results with three-quarters announcing better-than-expected pr ...

SAN DIEGO--(BUSINESS WIRE)--Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today debuted its newest Car Vending Machine in San Diego, California. The state-of-the-art steel and glass structure stands an impressive six stories tall along the 8 in Mission Valley and has a 19-vehicle capacity. Now, local Carvana customers can enjoy the convenience and fun of picking up their vehicle at the San Diego Car Vending Machine or having it delivered to their home. When customers ...

Short sellers play an important role in the market, and I do believe investors would do well to read through the bearish research provided on many names. Oftentimes, serious issues are uncovered, and investors are made aware of risks they may have been otherwise not privy to. However, Kerrisdale Capital’s recent short report on Carvana (NYSE:CVNA) has done little to put a dent in this high-flyer, with CVNA stock moving about 2% higher following the issuance of this short report this morning. Kerrisdale anno ...

Carvana Co. (CVNA) incurred a loss of $1 per share for fourth-quarter 2023, wider than the Zacks Consensus Estimate of a loss of 95 cents and the year-ago quarter loss of 97 cents per share. Revenues of $2.42 billion missed the Zacks Consensus Estimate of $2.54 billion and fell 14.7% year over year.Key HighlightsTotal gross profit amounted to $402 million, up 108% year over year. Total gross profit per unit (GPU) was $5,283, reflecting a jump of 138.1% year over year, topping our estimate of $5,084. SG&A ex ...

Some direct-to-consumer (DTC) brands have been under pressure from rising costs, supply chain disruptions, and increased competition. In the United States and globally, for that matter, interest rates are currently elevated. The effective federal funds rate is around 5.33%, and with inflation accelerating more than analysts predicted in January, the U.S. Federal Reserve does not seem to be in a rush to bring them back down. Inflation, while largely down from its high of 9.1% in the summer of 2022, is still ...

Carvana Co.’s bonds rose Friday, after the online used-car seller surprised investors with fourth-quarter earnings that highlighted some positive metrics.The company’s loss was wider than expected and revenue fell below forecasts. But Carvana CVNA, +31.02% reported record gross profit per unit (GPU) and projected that adjusted Ebitda would top $100 million in the first quarter, which was better than a FactSet consensus at the end of January of under $80 million. (Ebitda, or earnings before interest, taxes, ...

Key TakeawaysCarvana shares soared after the online used-car retailer posted its first annual profit and issued a bullish outlook as it cut both costs and debt.The company also forecast adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) "significantly above $100 million."Carvana cut costs by renegotiating debt and reducing inventory.Carvana (CVNA) shares soared after the online used-car retailer posted its first annual profit and said it expects improved earnings this quarter ...