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They look great on that side of the ledger (Unit sales and Gross) but the one that matters is net profit. Investors are betting on Carvana to become the new norm and eventually capture biggest market share in worlds largest retail industry that is very fragmented. They are projecting GPU to jump up to $3400. That would be industry record high and significantly more than the highly successful leader Carmax.Wonder if anyone has run the LTD loss numbers (hundreds of millions) and then figured out how many years of profit based on realistic GPU, units sold, etc it will take to get back to even money?Other factor is, does anyone really think that Carmax isnt going to launch a huge counter attack on Carvana? Watch what happens to those positive ledger stats in 2020. Not going to keep hitting aggressive GPU. Anyone can sell cars at a loss.
They look great on that side of the ledger (Unit sales and Gross) but the one that matters is net profit. Investors are betting on Carvana to become the new norm and eventually capture biggest market share in worlds largest retail industry that is very fragmented. They are projecting GPU to jump up to $3400. That would be industry record high and significantly more than the highly successful leader Carmax.
Wonder if anyone has run the LTD loss numbers (hundreds of millions) and then figured out how many years of profit based on realistic GPU, units sold, etc it will take to get back to even money?
Other factor is, does anyone really think that Carmax isnt going to launch a huge counter attack on Carvana? Watch what happens to those positive ledger stats in 2020. Not going to keep hitting aggressive GPU. Anyone can sell cars at a loss.
