BREAKING news! Carvana & Vroom is bleeding cash. Is Ecommerce in auto DOA?
- Thread starter joe.pistell
- Start date
That’s amazing!
Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market Downturn
Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market Downturn
After letting go 2,500 people, or 12% of its workforce, online used car seller Carvana faces a moment of reckoning.
www.forbes.com
That's a beautiful sight.
So, what you're telling me is, I can't consistently over pay for inventory, underwhelm with customer service, keep titles forever, and expect growth and profitability?
Thought provoking stuff Ryan. I ran CVNA vs AN...
Carvana's head count p/sale isn't that far off vs Traditional Retailers (like AN), yet, CVNA's PVR is astonishingly high and they're bleeding cash with no end in sight. When the UC bubble ends and -if- the market shifts to a buyers market, CVNA's challenges to turn a profit will get 100x more difficult.
CVNA's perfect storm is coming and they know it. I'm looking for CVNA to pivot.
p.s. hi everyone!!
p.p.s. not sure if unit counts incl wholesale for either one
hahaha, craig, wait till I update that thumbnail, that gif will nail it
Carvana, the salesperson killer, is struggling, and its future remains uncertain
Carvana is a 'roof-less dealer'. Carvana has an army of phone sales reps, and, without them, Carvana would cease to exist.
After selling $3.6 billion worth of stock, he buys $40 million now that the stock is hovering around $20 /share.
Carvana's Garcia II Buys Over $40M in Stock With Shares Down 90% YTD By Investing.com
Carvana's Garcia II Buys Over $40M in Stock With Shares Down 90% YTD
www.investing.com
