Is Carvana The Amazon Of Cars?
An internet stock is upsetting brick-and-mortar retail. Customers are flocking to the website. The revenue growth is astounding. The stock is extremely volatile, and the shorts are piling on.
I was an owner of Amazon's (NASDAQ: AMZN) stock back in 1999. And now, 20 years later, I own shares of Carvana (NYSE: CVNA). And yes, there is a strong feeling of déjà vu. This is particularly true when the bears make some attack. And I say to myself, "Wow, I've heard that one before."
For instance, a SeekingAlpha.com blogger called WY Capital has a "short idea" about Carvana and said, it "masquerades as a technology company even though it is an auto dealer." This was a constant refrain about Amazon in the old days. If you think "auto dealer" is insulting, wait until somebody calls you a "bookseller." The Amazon bears would go to great lengths to disparage Amazon, but the most common insult was "all it does is sell books."
Source Fool.com
