It’s weird who benefits and who doesn’t from lockdown. Who would think that Frasers would win, Carvana lose, for example?
A general market feel is that Carvana (CVNA) is at serious risk of going down the tubes. Another is that Frasers (FRAS) has got things about right, which is why the shares have near doubled this past couple of years.
It’s also something that we’ve mentioned before here. Covid and lockdown rippled through the economy and online shopping jumped during the related lockdowns. But, as we’ve mentioned before, the big question was whether it would stay at that new and high level or drop back to the previous trend level?