CAVA Group Q2 Earnings: Shorts Lost, The Show Must Go On
CAVA (CAVA) Seeking Alpha·2024-08-23 10:41
Tim Platt/DigitalVision via Getty Images Investment Thesis CAVA Group (NYSE:CAVA) achieves the impossible. CAVA impresses investors who already had incredibly high expectations, with a beat on the top and bottom and raising its guidance further. CAVA is a contention stock. Many investors, myself included, have questioned its very high valuation. Indeed, I believe that CAVA is priced at approximately 150x forward free cash flow. And yet, the stock continues to move higher. For my part, I can't make the math ...