Bucking The Trend: Carvana Is A Buy

About: Carvana Co. (CVNA)
by: Josh Arnold
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Josh Arnold
Long/short equity

CVNA isn't yet profitable.

The endless stream of negative press on this company ignores its nearly limitless runway for growth.

I think Carvana will trade well into the triple-digits over time given its operating leverage and revenue growth.

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Used car disruptor Carvana (CVNA) has seen its shares go on a tremendous run in the past two years. Shares could be purchased for just $12 in late 2017, but trade