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BREAKING news! Carvana & Vroom is bleeding cash. Is Ecommerce in auto DOA?

Discussion in 'Other Cool Technologies & Services' started by joe.pistell, Mar 7, 2018.

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  1. Alexander Lau

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  3. ed.brooks

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  4. Cullen C

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    Fairly predictable and likely equally inconsequential. AutoNation USA stores are sputtering and they had to make a move after the Lithia/Shift partnership.
     
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  5. Alexander Lau

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    Yeahhhhh... seems like fluff:
    https://www.businesswire.com/news/h...Carvana-Acquired-Car360-Featured-“Shark-Tank”
     
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  6. Mark Daniels

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    This is how dealer groups operating like corporations should expand. We'll see more and more of that!
     
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  7. Cullen C

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  8. Alexander Lau

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    I know, hence my reply to that post (dated). I called them out on it on LinkedIn. :-)
     
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  9. jscole86

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    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.

    https://seekingalpha.com/amp/articl...GSuJ_XnbzIdsi9MMJsfw-1s5GNqiH4QOpAMb-qOjf9MBs

    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.
     
  10. DrewAment

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    Using other peoples money to make another of your controlled companies more profitable?

    Reminds me of the Lincoln Savings & Loan scandal -- of which Garcia was also involved right?
     
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