1/27 puts!!! This company is a fraud

    https://www.investing.com/news/company-news/carvana-insider-sells-over-138-million-in-company-stock-93CH-3435586

    Posted by SidTrippish

    31 Comments

    1. WSB_PermaBull on

      Why do all these insider selling posts even matter? It’s not like you’re going to identify who sells what when.

    2. aregulardude on

      Insider sells are meaningless. People sell stock for a dozen different reasons.

      Now buys, those are interesting because people only buy stock for one reason, they think it’s going up.

    3. moldyjellybean on

      It is but everyone who is in the car business says their numbers don’t add up, the father and son are known to be scammers so yeah draw your own conclusions

    4. The_Juice_Gourd on

      The puts are expensive af because everyone knows its a fraud ![img](emote|t5_2th52|27189)

    5. SenseStraight5119 on

      I thought several years ago this company would be gone by now and I shorted the shit out of them only to be bit in the ass. I can’t wait for this father-son duo to see jail time.

    6. Imagine thinking that selling 13.8 million dollars worth would move a 23 billion market cap.

    7. psychohistorian8 on

      I traded my car into carvana and got a newer one from them

      easiest thing I’ve ever done, I hope they don’t go under

    8. throwaway_0x90 on

      > _”These transactions were conducted under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which allows company insiders to sell stocks at predetermined times to avoid accusations of insider trading.”_

      So this is a non-story then. This plan schedules sales ahead of time. There’s no proof any shady things are going on. In fact this is evidence to the contrary. They are following the fair and we’ll established legal process that all major US companies follow.

      …. unless someone has specific proof of something else happening outside of this rule.

    9. mangotangotang on

      This is how it is. New style stock market operating on NFT crypto style paradigms. Everything is manipulated. No one cares about the fundamentals of the company. See $DJT.

    10. mark1forever on

      was pumped up to almost $400 right after the pandemic and it went down to $4 about a year ago for a reason, why would anyone think that it’s worth what is worth today?

    11. fullouterjoin on

      God I love you fukregards! You are this amazingly powerful corrective function.

    12. Sandvicheater on

      Meme car selling company can stay greener longer than your regarded ass can stay solvent

    13. I had put options that expired on Friday that were up 100% at market open. Didn’t sell. Expired worthless =(

    14. Lol last time I seen this stock, it was down over 90%+ and all over news media, now it’s back up to 100+

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