Long Position on CVNA @ $91.00 on 3/27/2024 (Fundamentals)

Carvana Co. (CVNA), together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.

Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.

The company also operates auction sites. The company was founded in 2012 and is based in Tempe, Arizona.

While share prices are still 77% their value, share prices should head higher which is why this could be a good opportunity of investment for growth investors.

Entry Point: $91.00

Trading Range: $6.70 - $94.04

Stop Loss: $86.45

Target Price: $100.00

Position closed on 4/8/2024 at price of $86.45 with a -5.00% loss in 12 days.

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