Carvana ($CVNA) is one of the hottest stocks on Wall Street.
$10,000 invested at IPO would have transformed into a cool $210,000 at the peak and is still worth $172,000 as of 26 March 2021. The majority of this return, as you can see from the chart above, has come since March 2020. At the height of the panic last year Carvana's stock hit a low of $22.16 and within one year (one year!!) has rallied over 1,000%.
I sure would love to turn the clocks back and take part in this epic run, but unfortunately I can't. Instead I am going to share some other details that I just absolutely love about Carvana.
Let's start with an easy one. I love that Carvana loses cash quicker than a Trump casino. In 2020 (and 2019) Carvana produced negative free cash flow of over one billion dollars which is