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Transaction Details

Company: Carvana
Yahoo Beta:2.17
Industry:Internet retail

Company Description:  Carvana buys and sells used cars online.

Purchase Date:12 Feb 2020 Sale Date:16 Sep 2020
Purchase Price:$87.08 Sale Price:$175.93
  --Split Adjusted:$87.08  --Split Adjusted:$175.93
Shares Purchased:34 Shares Sold:34
  --Split Adjusted:34  --Split Adjusted:34
Transaction Fee:$81.85 Transaction Fee:$141.47
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$98.44 High$0.00
Date26 Dec 2019 Date01 Jan 1996
Low$64.22 Low$0.00
Date02 Oct 2019 Date01 Jan 1996
S&P (Purchase Date):$3,372.40 S&P (Sale Date):$3,385.49

Timing:  We bought close to the midpoint of the six-month range.
Reason:  Carvana is the market leader in online used car sales. The company has a first-mover advantage and it is growing rapidly. The company's margins have been improving. The company acquires most of its inventory from wholesalers and will deliver a car to the purchaser's door. The company typically makes several thousand dollars on each sale. Purchasers may return their cars within 7 days without penalty.

Timing:  x
Reason:  Carvana has risen significantly since we invested. COVID-19 has accelerated the trend toward virtual working. We believe this will reduce demand for driving and for vehicles in the long term.

S&P Gain: 0.39 % Annualized Gain: 0.66%
Stock Gain: 102.03 % Annualized Gain: 228.17%

Net Holding Return ($): $2,797.58
Net Holding Return (%): 91.95 %