Carvana is the second most shorted stock currently, and in the next few days it is going to end up going much higher. Fact: today there was a monster rally in duration sensitive tech and a wave of short covering. is this is just the beginning of a massive wave of short covering for a number of the top names? It Looks like. What many fail to understand is that nothing is linear in financial markets, profitability versus cash-flow, companies usually restructure and specially companies like Caravans selling second hand vehicles. The crowding out effect is actually more important - the higher the number of investors piling into a trade/view, the higher the propensity for violent and substantial counter-moves. Those who shorted CVNA are rushing to cover (see the rally in premarket and during the day) because they are losing a whole lot of money right now. My useless opinion? There is setting again another videogame-stores situation where one company that has a great potential and covers a real need, it's getting screwed by short sellers that wants to profit from the pain of a company that creates value and jobs. Ans also, don't forget that this time no one will "delete" the buy button...