Glad my car with 151,000 just keeps on going since buying a car today (I did recently for a family member living away from home) felt like I was being mugged by the pricing...talk about junk fees wish Joe would tackle that one
interesting to see if the vulture community learned alot from saving Carvana thru the debt while simultaneously riding the equity up 700%...maybe that road map will be different in the future
I expect they are also waiting for CVNA to maybe make decent income some day. They need to multiply off something! The playbook says growth stocks have a hard time with declining revenues and volumes even if many have negative cash flow. Can you imagine how KMX and the dealers feel when they look at that valuation? After Hertz and Carvana, these asset lite service companies need believers to help them. HTZ cleared the CDS auction at 26 and exited with a return to equity holders. Crazy voodoo valuation for CVNA. Roll your own.
Glad my car with 151,000 just keeps on going since buying a car today (I did recently for a family member living away from home) felt like I was being mugged by the pricing...talk about junk fees wish Joe would tackle that one
interesting to see if the vulture community learned alot from saving Carvana thru the debt while simultaneously riding the equity up 700%...maybe that road map will be different in the future
I expect they are also waiting for CVNA to maybe make decent income some day. They need to multiply off something! The playbook says growth stocks have a hard time with declining revenues and volumes even if many have negative cash flow. Can you imagine how KMX and the dealers feel when they look at that valuation? After Hertz and Carvana, these asset lite service companies need believers to help them. HTZ cleared the CDS auction at 26 and exited with a return to equity holders. Crazy voodoo valuation for CVNA. Roll your own.