Contrarian Corpus
Spruce Point Capital vs. Carvana Co.

Carvana Co. · CVNA

1 deck published between 2019-03-01 and 2019-03-01 — 98 pages, 98 analysed slides total.

follow up

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2019-03-01 follow up

    2019 03 64e7a68c6897fb7e318024dd_cvna_research_thesis_update_3 1 2019

    98pp · full_deck

    Carvana is a CCC+-rated subprime used-car dealer masquerading as a tech disruptor; Spruce Point sees 56-83% downside to $7.50-$19.60, with a credible path to zero.