Rising price of new and used cars making significant contribution to recent headline inflation numbers.
Carvana down 60% from all time high posted in August 2021.
Opened $CVNA trade 1/14/22 in anticipation of an oversold bounce. Would have preferred to see it trade-up for most the recent week but didn't want to wait.
Tight stop warranted ... and plan to close this trade long before March 1st earnings release.
Also see $LAD
Carvana down 60% from all time high posted in August 2021.
Opened $CVNA trade 1/14/22 in anticipation of an oversold bounce. Would have preferred to see it trade-up for most the recent week but didn't want to wait.
Tight stop warranted ... and plan to close this trade long before March 1st earnings release.
Also see $LAD