Carvana Redemption: From $3.50 to $400 and Beyond

about 1 month ago

SPEAKER_02

"My big hit was that I got into Carvana in May of '23 when it had dropped as low as $3.50 and now it's come all the way back to $400. When key insiders even started buying during the trough, it sent a strong signal to investors."

Eric Jackson recounts his successful trade in Carvana (ticker: CVNA), emphasizing the dramatic turnaround from a low of $3.50 to nearly $400, supported by insider buying. While not a direct call to buy now, his commentary provides investor color on the potential for significant recovery and highlights the importance of management and insider alignment in distressed stocks.

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