There's no need to sugarcoat it. Investors putting money to work in the stock market undoubtedly want to become rich over time. Perhaps the specific monetary goal is to achieve a portfolio value of $1 million.Some businesses, like Carvana (CVNA 0.19%), have already done that. This used car e-commerce stock is up a jaw-dropping 5,120% since the start of 2023 (as of Dec. 12). That would've turned a $20,000 investment into a cool $1 million in less than two years, a phenomenal return.If you missed the Carvana ...

After 43+ years working for one investment research company or another, I finally retired. So now, I’m completely independent. And for the first time on Seeking Alpha, I won’t be working based on anybody else’s product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I’m different from others who share such backgrounds. I don’t serve the numbers. Instead, the numbers serve me… to inspire ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Core Viewpoint - Carvana reported strong third-quarter earnings, surpassing estimates and showing significant year-over-year growth in revenue and profit metrics [2][3][4][5]. Financial Performance - Carvana's Q3 earnings were 64 cents per share, exceeding the Zacks Consensus Estimate and up from 23 cents in the previous year [2]. - Revenues reached $3.66 billion, beating the Zacks Consensus Estimate of $3.47 billion and reflecting a 32% increase year over year [2]. - Total gross profit was $807 million, a 67.4% increase year over year, with gross profit per unit (GPU) rising to $7,427 from $5,952 [3]. Segmental Performance - Retail vehicle sales totaled $2.54 billion, a 30.5% increase year over year, with the number of vehicles sold rising 34.2% to 108,651 units [4]. - Wholesale vehicle sales reached $786 million, up 28.9% year over year, with unit sales increasing 38.2% to 56,487 [5]. - Other sales and revenues grew 52.3% year over year to $326 million, although GPU in this segment was slightly below estimates [6]. Financial Position - As of September 30, 2024, Carvana had cash and cash equivalents of $871 million, up from $530 million at the end of 2023 [7]. - Long-term debt stood at $5.43 billion, a slight increase from $5.41 billion at the end of 2023 [7]. Outlook - Carvana anticipates a sequential increase in year-over-year growth of retail unit sales in Q4 2024 and expects adjusted EBITDA for the full year to exceed the previous guidance of $1-$1.2 billion [8]. - Recent estimates for Carvana have shown a significant upward trend, with a consensus estimate shift of 331.03% [9][10]. - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for above-average returns in the coming months [11].

Core Insights - The discussion emphasizes the importance of maintaining a consistent investment strategy, particularly in small-cap stocks, despite market volatility and macroeconomic concerns [3][4]. - The speaker highlights specific companies such as Carvana, Zeta, CuriosityStream, and Cineverse as key investment opportunities, showcasing their growth potential and market positioning [3][4][5]. Company Insights - **Carvana (CVNA)**: The stock has seen significant appreciation, rising from a range of $22 to $30 to a tenfold increase, driven by a strong consumer preference for its business model and strategic acquisitions like ADESA [3][4]. - **Zeta (ZETA)**: The company reported impressive earnings, with a 60% increase in its RFP business. The CEO's confidence and insider buying have attracted attention, despite a recent short report that caused volatility [4][5]. - **CuriosityStream (CURI)**: The company announced a dividend while showing signs of improving cash flow and reduced cash burn, making it an attractive investment at a low price point [5]. - **Cineverse (CNVS)**: The company is positioned to benefit from its rights to the successful "Terrifier 3" film, with expectations of significant cash inflow and a strong content library, making it a compelling investment opportunity [5][6]. Industry Insights - The airline industry is facing challenges, with Spirit Airlines filing for bankruptcy due to high debt and operational costs. The analysis of Mesa Air's relationship with United Airlines provides insights into competitive dynamics in the sector [7][8]. - The podcast and streaming sectors are highlighted as areas of growth, particularly with BuzzFeed's potential to leverage its popular content and upcoming events to drive revenue [6][7]. Investment Strategy - The investment approach focuses on identifying undervalued companies with strong fundamentals and potential for growth, emphasizing the importance of thorough research and situational awareness [4][5][6]. - The speaker advocates for a concentrated portfolio strategy, suggesting that a few well-researched investments can yield significant returns, rather than spreading resources too thin across many positions [6][7].

Core Viewpoint - Carvana (CVNA) shows a significantly improving earnings outlook, making it a solid choice for investors as analysts continue to raise earnings estimates for the company [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Carvana's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, Carvana is projected to earn $0.25 per share, reflecting a 125% increase from the previous year's reported figure. The Zacks Consensus Estimate has risen by 237.84% over the last 30 days, with six estimates increasing and no negative revisions [4]. - For the full year, Carvana is expected to earn $1.16 per share, representing a year-over-year increase of 54.67%. The consensus estimate has increased by 164.76%, with five estimates moving up and no negative revisions [5]. Zacks Rank - Carvana has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable rating tool that helps investors leverage earnings estimate trends for investment decisions [6]. - Stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Investment Potential - Strong estimate revisions have led to a 23.9% increase in Carvana's stock over the past four weeks, suggesting that there may still be further upside potential, making it a candidate for portfolio addition [7].

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During the 2020-2021 pandemic, a select group of companies experienced unprecedented growth and Carvana (CVNA) was one of them. Carvana, an e-commerce platform for buying and selling used cars, thrived when pandemic restrictions limited in-person car shopping. The company's stock soared during these years, reflecting heightened consumer demand and growth potential.However, as the world returned to normalcy in 2022, Carvana's fortunes took a stark downturn. It faced a perfect storm of challenges in the form ...

Group 1 - The account is managed by Noah's Arc Capital Management, focusing on providing Wall Street level insights to main street investors [1] - The research primarily targets 20th century stocks undergoing transformation in the 21st century, while also covering companies that facilitate these transformations [1] - The emphasis is on identifying innovations in business models that could lead to significant stock price changes [1] Group 2 - The managing partner of Noah's Arc Capital Management is Noah Cox, whose views may not necessarily reflect those of the firm [3] - The article is intended solely for informational purposes and does not constitute investment advice [3]

Group 1 - The year 2024 has been significantly influenced by the election, interest rate cuts, and advancements in AI, with Carvana (NYSE: CVNA) experiencing a notable stock rally [1] - Carvana has successfully shifted its narrative to one of a fancy technology company, indicating a positive transformation in its market perception [1] Group 2 - Gary Alexander, with extensive experience in technology and startups, has been a contributor to Seeking Alpha since 2017, providing insights into industry trends [1]