← beneish_m_score_high (all companies) · CVNA (all signals) · all methodology
beneish_m_score_high on CARVANA CO. (CVNA)
SIC 5500 — Retail-Auto Dealers & Gasoline Stations · CIK 1690820 · default direction: short
Definition
Beneish 5-factor M-Score above the manipulator threshold (-1.78). Composite of DSO, gross margin, asset quality, sales growth, depreciation.
Every time the signal fired on CVNA
| FY | Filing date | Event date | 1d | 5d | 20d | 60d | 252d |
|---|---|---|---|---|---|---|---|
| FY2022 | 2023-02-23 | 2023-02-23 | -20.54% | -6.05% | -17.16% | +6.55% | +593.25% |
| FY2021 | 2022-02-24 | 2022-02-24 | +21.04% | -2.16% | +17.93% | -73.37% | -92.92% |
| FY2020 | 2021-02-25 | 2021-02-25 | +7.52% | +2.40% | -2.77% | -6.54% | -52.19% |
| FY2019 | 2020-02-26 | 2020-02-26 | -12.59% | -18.82% | -38.45% | -6.72% | +159.61% |
| FY2018 | 2019-02-27 | 2019-02-27 | +7.27% | +20.99% | +39.05% | +51.32% | +112.27% |
| FY2017 | 2018-03-06 | 2018-03-06 | -6.53% | +1.02% | +19.81% | +54.44% | +164.88% |
Forward returns are stock returns from event date (next trading day after filing). Sign is raw stock direction; the trade direction is in the calibration table below.
Universe-wide calibration (this signal across all companies)
| Horizon | n events | Gross stock ret | Hit rate | Trade dir | Net PnL | Cost (bps) | r/σ net |
|---|---|---|---|---|---|---|---|
| 1d | 2,937 | +0.04% | +45.86% | short | -0.28% | 32 | -0.04 |
| 5d | 2,937 | +0.10% | +45.83% | short | +0.06% | 33 | +0.01 |
| 20d | 2,915 | +2.64% | +44.43% | short | -2.76% | 37 | -0.02 |
| 60d | 2,798 | +11.23% | +46.71% | short | -11.63% | 47 | -0.03 |
| 252d | 2,745 | +47.23% | +50.93% | short | -48.06% | 96 | -0.04 |
Net PnL is direction × stock return − round-trip execution cost (5 bps half-spread + ADV-tiered borrow). See beneish_m_score_high methodology for the full audit.