Research Notes: Carvana $CVNA (Qualitative)

Qualitative notes from researching, investigating, and thinking about Carvana.

These are the CVNA Qualitative Research Notes. Use the following link to access the CVNA Quantitative Research Notes.

What Are Research Notes?

Research Notes contain information I have collected while researching, investigating, analyzing, and thinking through the business.

This is where I will continue to add additional notes, observations, and thoughts.

Some of the notes have never been made, nor will be made, into official posts that are public to read.

Notes are split into Qualitative and Quantitative Research Notes (this is in anticipation of hitting Substack’s limits, like I have on CDLX notes).

For more general information on Research Notes, see here.

Research Notes: Carvana $CVNA (Qualitative)

Subject

• Carvana ($CVNA)

• Qualitative Research Notes

Last Updated

• Updated as of 6.29.2023

Best Way to Use and Read

• I include a table of contents below. Next to each section is a superscript / footnote number. Click the footnote number, and it will take you to the relevant section.

• If there are specific items you wish to read about, I suggest Ctrl+F

How to Know When There are New Notes to Read

• When I make an update to the Research Notes, I add the date of the change and the name of the section to the “Update Log” below the Table of Contents.

• Additionally, I tweet out the update on my Twitter, adding it to an ongoing thread. This is the number one way to see updates.

  • You will see the latest additions to the thread on your Twitter feed or when you check out my Twitter profile.

  • Important Twitter Note: The link in the tweet will take you directly to the section with the new update as long as you open the link in a browser where you are logged into Substack (therefore it will not work if you open it within the Twitter mobile app until you open it in the your main browser on mobile. On iOS, you simply need to click out using the Safari button in the bottom right.)

Table of Contents

*Note: I have a considerable amount of additional CVNA notes both from the past and very recently that I will be adding here shortly.

1. The Cancer Surgery Formula¹

   1. Model / approach used by Munger / Buffett in GEICO, Peter Lynch and Fannie Mae, Bill Miller and Amazon, Nick Sleep and Stagecoach

   2. Posted before Q3'22 earnings (10.31.2022)

   3. When to Buy More During the Cancer Surgery Formula (6.29.2023) - posted at the end

Update Log

• 6.29.2023

  • (#4) 6.29.2023: When to Buy More During the Cancer Surgery Formula

• 10.31.2022

  • (#2) 10.31.2022: The Cancer Surgery Formula

Disclaimer for Research Notes

• There may be incorrect information, outdated information, or errors in the following contents, as the following are notes that I wrote down while researching. I include dates where I have them, making it easier to know when the notes / thoughts were written down. The older the notes, the more likely I have changed my mind or found new information.

• This is not investment advice.

• This is for educational / informational purposes only.

• Please see the Disclaimer page for more details.

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For more general information on Research Notes, see here.