Sunday, June 1, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Stocks and Markets Update
  • Home
  • Business
  • Economy
  • Stocks
  • Investing
  • Markets
  • Crypto
  • Real Estate
  • PF
  • Forex
  • Startups
  • Fintech
  • Analysis
  • Home
  • Business
  • Economy
  • Stocks
  • Investing
  • Markets
  • Crypto
  • Real Estate
  • PF
  • Forex
  • Startups
  • Fintech
  • Analysis
No Result
View All Result
Stocks and Markets Update
No Result
View All Result

Kerrisdale Capital reveals short position in used-car firm Carvana By Reuters

February 26, 2024
in Business
Reading Time: 1 min read
A A
0
Kerrisdale Capital reveals short position in used-car firm Carvana By Reuters

[ad_1]

Kerrisdale Capital reveals short position in used-car firm Carvana
© Reuters. Carvana brand is seen on this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration/File Picture

(Reuters) -Funding agency Kerrisdale Capital disclosed a brief place in Carvana on Monday, calling it a “poorly capitalized, growth-challenged auto retailer”.

Shares of Carvana have surged practically 40% after the used-car retailer posted its first annual revenue final week, a pointy turnaround powered by price cuts and a debt-reduction cope with bondholders. On Monday, shares of the corporate have been up about 3% in afternoon commerce.

“Carvana’s valuation was already stretched – now, its share worth is so ridiculous that it doesn’t simply commerce at ranges unprecedented for an auto supplier, it trades at a premium to main tech corporations,” Kerrisdale Capital mentioned in an announcement.

Carvana had $2.32 billion briefly curiosity, or 39.6% of its free float briefly place, as of Friday, in accordance information and analytics agency Ortex.

“Along with the disappointing progress outlook, there are indicators that additional enchancment in unit economics is nearing an finish,” Kerrisdale Capital mentioned in an announcement.

Carvana declined to touch upon Kerrisdale’s report.

[ad_2]

Source link

Tags: capitalCarvanafirmKerrisdalepositionReutersRevealsshortusedcar
Previous Post

The Great Digital Transformation: Can We Expect More From Nvidia and Bitcoin?

Next Post

Shareholder’s Bold AI Plan Promises 129% Surge for Disney Stock

Next Post
Shareholder’s Bold AI Plan Promises 129% Surge for Disney Stock

Shareholder’s Bold AI Plan Promises 129% Surge for Disney Stock

What I Learned From National Retailers to Decide What and Where to Invest—And How You Can Do It Too

What I Learned From National Retailers to Decide What and Where to Invest—And How You Can Do It Too

A Preview of FinovateEurope: Trends and What to Expect

A Preview of FinovateEurope: Trends and What to Expect

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Fintech
  • Forex
  • Investing
  • jutawantoto
  • lingtogel77
  • Market Analysis
  • Markets
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market
No Result
View All Result

LATEST UPDATES

  • Jutawantoto: 4D Online Toto Togel Site & Prestigious Official Bookie
  • Jutawantoto Login: Trusted Toto Slot 4D Site Bet 100 Silver Best 2025
  • Jutawantoto: The Most Trusted & Best Toto 4D Site in 2025
  • Lingtogel77: Rekomendasi Resmi Platform Situs Toto Slot Terpercaya
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Money Wise Inc.
Money Wise Inc is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Business
  • Economy
  • Stocks
  • Investing
  • Markets
  • Crypto
  • Real Estate
  • PF
  • Forex
  • Startups
  • Fintech
  • Analysis

Copyright © 2023 Money Wise Inc.
Money Wise Inc is not responsible for the content of external sites.