The Carvana share $CVNA (-9,62 %) experienced a real dip in the aftermarket - down around 10% despite strong quarterly figures. 🤔 How can that be?
Carvana achieved an adjusted EBITDA of 359 million US dollars in the fourth quarter. This is an increase of 498 % compared to the previous year and above analysts' expectations. Revenue also rose by 46% to 3.547 billion dollars and vehicle sales increased by 50%. That all sounds great, doesn't it?
Despite these impressive figures, the share may have come under pressure because it was previously heavily shorted. After a massive short squeeze, the share price has risen by 70 % since the beginning of the year. A setback was therefore not out of the question. How do you see the situation? Can Carvana continue its positive trend or is this just a flash in the pan? 🔥
