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Started By
Message
Do you guys think the Carvana business model is sustainable?
Posted on 7/14/23 at 7:43 pm
Posted on 7/14/23 at 7:43 pm
They’ve recently been facing potential bankruptcy yet they have purchased tons of ad space that I’ve noticed so their marketing budget is still intact.
Guy I know is a contractor for them and fixes their kiosks which apparently were poorly constructed from the get go.
What say you OT?
quote:
As of June 2023, Carvana is not going out of business, nor has it shown any intention of filing for bankruptcy. The company’s stock has recently surged, primarily attributed to better-than-expected earnings for Q2 of 2023.
Guy I know is a contractor for them and fixes their kiosks which apparently were poorly constructed from the get go.
What say you OT?
22
Posted on 7/14/23 at 7:45 pm to idlewatcher
All I know is I sold my junk car that was breaking down constantly for a really good deal. They hardly looked at it before I received the check. Feel bad for whoever bought it from them. For that reason, I would never buy a car from Carvana.
Posted on 7/14/23 at 7:47 pm to idlewatcher
Their debt load appears unsustainable, but the stock has skyrocketed lately due to a short squeeze. Simply glancing at their financials raises major red flags IMO.
Posted on 7/14/23 at 7:48 pm to idlewatcher
Arbitrage is a bitch. What do they do that nobody else can?
Nada. They just got ahead of it. If they ever backed off their marketing budget they'd fold. Which means return customers aren't a big thing for them. They're in a PPC war that really only Google wins. There's just so many things eating margins here and they have got to have a nightmare on their hands trying to forecast anything.
Nada. They just got ahead of it. If they ever backed off their marketing budget they'd fold. Which means return customers aren't a big thing for them. They're in a PPC war that really only Google wins. There's just so many things eating margins here and they have got to have a nightmare on their hands trying to forecast anything.
Posted on 7/14/23 at 7:49 pm to idlewatcher
Not saying a dealership is better but why wouldn’t I just go to a dealership?
Posted on 7/14/23 at 7:49 pm to Samso
quote:
the stock has skyrocketed lately
They were at 300 2 years ago. This is a dead cat bouncing.
Posted on 7/14/23 at 7:51 pm to Samso
quote:
Their debt load appears unsustainable, but the stock has skyrocketed lately due to a short squeeze. Simply glancing at their financials raises major red flags IMO.
Yea their stock prices has more than doubled recently after their big drop from 300+
An analyst I was reading said if Carvana were to file for bankruptcy protection, it would flood the used car market nationwide which would lower prices significantly
Posted on 7/14/23 at 7:53 pm to momentoftruth87
quote:
Not saying a dealership is better but why wouldn’t I just go to a dealership
I found better pricing without the games
And the free return factor made me comfortable with the risk
I wouldnt purchase one with return fees though
Posted on 7/14/23 at 7:57 pm to idlewatcher
This model works with new cars but with used cars it's tough. Lots of things you could miss on a description prior to delivery. When people pay $25,000 for something site unseen they're going to be extremely picky when it gets there.
Posted on 7/14/23 at 8:07 pm to momentoftruth87
quote:
Not saying a dealership is better but why wouldn’t I just go to a dealership?
Just depends on how you take your penis. Lube or no lube. The dealership experience sucks. With the evolution of online shopping I don’t see how they still exist and profit.
Posted on 7/14/23 at 8:12 pm to jkylejohnson
quote:
Just depends on how you take your penis. Lube or no lube. The dealership experience sucks
I haven’t been in a few years but we always enjoyed going back and forth and sweating it out. Miserable but can be fun, especially when you get them to make mistakes lol.
Posted on 7/14/23 at 8:36 pm to momentoftruth87
quote:
Not saying a dealership is better but why wouldn’t I just go to a dealership?
I admittedly don’t know all that much about Carvana. But perhaps their pricing is typically less expensive or the ease of buying a used car.
Posted on 7/14/23 at 8:41 pm to idlewatcher
It’s just zip code car price arbitrage.
This post was edited on 7/14/23 at 8:42 pm
Posted on 7/14/23 at 8:43 pm to momentoftruth87
quote:
Just depends on how you take your penis. Lube or no lube.
quote:
always enjoyed going back and forth and sweating it out. Miserable but can be fun
jesuth chrith
Posted on 7/14/23 at 8:50 pm to idlewatcher
No. They are part of that weird wework situation where they somehow got classified as tech. Now that investors actually respect income, woof.
Posted on 7/14/23 at 8:51 pm to idlewatcher
After buying several cars through Carvana, I can't imagine buying a car any other way from now on.
Posted on 7/14/23 at 8:59 pm to idlewatcher
Maybe they could reorganize and be a distributor for various new car companies, particularly for the younger generation who prefer ordering things online, as well as others like me who hate going to a dealership
Posted on 7/14/23 at 9:33 pm to idlewatcher
Can you explain what about them is preventing them from making a profit? I have no insight.
Posted on 7/14/23 at 9:36 pm to shutterspeed
quote:
After buying several cars through Carvana, I can't imagine buying a car any other way from now on.
Why?
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