Carvana ($CVNA): Thoughts Before Q3 2023 Earnings + Video (Research Note #7)

Includes thoughts on Q3 results vs guidance, possible Q4 guidance, and returning to growth / leverage on fixed costs.

Stock Price as of 11.2.2023: ~$25.99 / share.

(#7) 11.2.2023: Thoughts Before Q3 2023 Earnings (with Video)

With CVNA’s Q3 earnings later today, I wanted to share my final thoughts on:

• How CVNA’s Q3 results could be much higher than the updated outlook (scenarios included and discussed)

• Possible Q4 guidance

• Returning to growth + leverage on fixed costs + sustainable margins

Directly below is a ~45min video covering this post: