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

[Alexander Lau]

Carvana is not “The Amazon of Car Dealers”
https://askthemanager.com/2018/10/carvana-is-not-the-amazon-of-car-dealers/amp/

@Steve Stauning

 

[ed.brooks]

WOWZERS!
With $50M investment, AutoNation obtains 7% stake in Vroom
AutoNation said Tuesday it has obtained roughly a 7-percent ownership stake in Vroom after a $50 million strategic investment in the online car retailer. Read more >> https://www.autoremarketing.com/retail/50m-investment-autonation-obtains-7-stake-vroom

 

[Cullen C]

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

 

[Alexander Lau]

Just now saw this.
CARVANA ACQUIRES CAR360
https://investors.carvana.com/news-releases/2018/04-17-2018-110022377


https://www.car360.com/
Whats 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???

Yeahhhhh... seems like fluff:
https://www.businesswire.com/news/home/20190104005093/en/Carvana-Acquired-Car360-Featured-“Shark-Tank”

 

[Marc Lavoie]

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

 

[Cullen C]

Yeahhhhh... seems like fluff:
https://www.businesswire.com/news/home/20190104005093/en/Carvana-Acquired-Car360-Featured-“Shark-Tank”

This happened in April

 

[Alexander Lau]

This happened in April

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

 

[jscole86]

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.

 

[DrewAment]

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.

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?

 

[Cullen C]