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
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