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

[Alex Snyder]

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

Wow. Just wow.

 

[Ryan Everson]

Wow. Just wow.

You would think if he truly believed in the success of the company, he'd invest more than a paltry $40M

 

[samlabston]

That is really interesting solution for me.

 

[samlabston]

2020 was a year that many business owners and entrepreneurs would like to forget, both in terms of how it impacted their professional and personal lives. Many businesses were forced to close their doors and others tried to hold on as long as possible until they couldn't continue. Covid-19 also encouraged businesses to shift to a completely digital landscape. Retail stores were forced to sell online-only, and restaurants had to pivot to online ordering and delivery models to survive. While we are now technically in a post-pandemic environment, stronger variants are now showing signs of a possible similar situation. Whether we experience another shutdown across the world is uncertain, but one thing is very clear: Marketing has changed forever. If this information is interesting read more.

 

[Jeff Kershner]

More BREAKING CARVANA NEWS!!


Shares of the online car-buying company Carvana were crashing today after a Wells Fargo analyst cut the company's price target, just one day after a Wedbush analyst downgraded the stock and cut his price target for its shares.

Making matters worse for the company is the fact that Carvana has been facing legal issues in some states in response to how it handled the transfer of car ownership to some of its customers.

As a result, the automotive stock was down 18% today as of 2:45 p.m. ET.

Yesterday, Wedbush analyst Seth Basham cut his price target for Carvana's stock to $15, down from $50, and downgraded the stock to neutral from outperform.

Post in the forums:

PR & News - Make It or Break It for Carvana??

Why Carvana Stock Hit the Brakes Today Shares of the online car-buying company Carvana were crashing today after a Wells Fargo analyst cut the company's price target, just one day after a Wedbush analyst downgraded the stock and cut his price target for its shares. Making matters worse for the...

forum.dealerrefresh.com

Full article:

Why Carvana Stock Hit the Brakes Today | The Motley Fool

Negative comments from two analysts in as many days sent the stock tumbling.

www.fool.com

 

[Jeff Kershner]

That's one hell of a decrease.

Carvana stock has decreased 97% in value so far in 2022

Carvana stock has decreased 97% in value so far in 2022

Online used-car retailer Carvana has seen its stock plummet from an all-time high of nearly $377 per share in August of 2021 to just $6.50 per share this week.

www.cbtnews.com

 

[joe.pistell]

or, Carvana's $8.00 stock price would have to increase more than 4,300% to reach it's high price of $375-ish a little over a year ago.

Carvana today is valued at 1.5billion dollars. Carvana at its peak was valued at $31billion*, all of GM is valued at $50bill.

While I was at CARS.com, its market valuation was about $1-2billion. I vividly recall thinking Carvana should buy Cars.com (or cargurus) and Carvana could use Cars.com's GIANT army of sales reps to roll out Carvana's Dealer Partner program. What a giant miss for Carvana.

*https://ycharts.com/companies/CVNA/market_cap

 

[Jeff Kershner]

How LOW will it GO?

 

[AutoAlex]

View attachment 7607

How LOW will it GO?

While I consider myself a savvy investor, I am more of an index fund kinda guy. I am not sure if a stock can hit $0 prior to bankruptcy, but I see bankruptcy & $0 per share in the future.

Speaking of, I wonder what will happen to Adesa? Will Kar Global buy it back for pennies on the dollar?

 

[joe.pistell]

Carvana needs a total leadership takeover.
CarMax is not a buyer. They've copied Carvana's "Collaborative Retail" internet shopper workflow (carvana's secret sauce). I'd wager Penske is circling around the carvana graveyard.