Sosin Partners’ obsessive commitment to controversial used car retailer Carvana appears to be paying off.
On Thursday, the stock surged 56 percent, after the company surprisingly forecast a big profit for the second quarter. Although the stock fell back 25 percent on Friday, Carvana shares have more than quadrupled in price in calendar 2023, after coming off a year in which they seemed destined for the junkyard, having suffered a dizzying 99 percent decline from their August 2021 high.
