Carvana is not “The Amazon of Car Dealers”
Yeahhhhh... seems like fluff:Just now saw this.
CARVANA ACQUIRES CAR360
I'll be honest with you. I though Carvana already had a pretty awesome setup for photos and vehicle display on their site. This will prob help with some of the overhead and streamline more of the photo process while being more cost efficient. Thoughts?!?!?!
Sidenote... If they're hurting that bad for cash, why are they buying other companies???
definitely an interesting article regarding Carvana.
- We found a buyer of Carvana subprime receivables, and it has numerous connections to an insider at the company.
- Evidence indicates the buyer is massively overpaying for the receivables and thus inflating gross and operating profit at Carvana.
- Management messaging on this topic has been misleading and raises concerns regarding credibility.
Article disclosure at bottom from author; Disclosure: I am/we are short CVNA. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.