It’s no secret that CAVA (CAVA) is a stock that just seems to defy logic and apparently gravity. With earnings being released yesterday, investors felt that the results were so good that it decided to reward the name with a bump of nearly ~$2 billion in market cap.
For a company that only has 352 locations…
This has pushed the market cap per store (assuming the after-hours move holds) to a whopping $56.8 million and a market cap per unit AUV to 20.4x.
While this name will go down in the books as one many wish they hopped on for the ride up, I’m not too sure if we’ll thinking the same thing a year from now.
Who knows though? I said the same thing at the beginning of this year…
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Until next time,
Paul Cerro | Cedar Grove Capital
Personal Twitter: @paulcerro
Fund Twitter: @cedargrovecm
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