From a very well known Short-Seller in the markets I read a concerning letter this morning:
"Carvana Trades At An 845% Higher Sales Multiple Than Online Car Peers Like CarMax and AutoNation, And A 754% Premium On A Forward Earnings Basis."
...ummmhh... §8-()
The Chart does look very scary too.
This exponential move can't sustain very long. As we see, the first bounce already alerts me to prepare for a big short.
If this plays out as projected, we see a heavy dump in the coming weeks and months.