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

[Viracocha]

Morgan Stanley set a $0.10/ Share bear case price. That's not good!

 

[Colin Rodger]

Who do you think will acquire the falling knife? eBay?

I'm guessing Amazon.

 

[Zhendrix]

I'm guessing Amazon.

That was my natural guess to but Amazon has got too much going on with Anti-trust

 

[joe.pistell]

Carvana is a dozen raging dumpster fires. No one outside of auto will acquire them.

• Selling profitably will require a total biz reset
• No Inventory buying discipline.
• Title mayhem ruining reputation.
• Paid $2billion for Adesa (adding to internal mayhem).
• and on and on...

IMO, Carvana's Dealer Partner Program was its last hope to survive. To me, closing it was a giant setback for the car dealer industry.

 

[john.quinn]

I wonder if the mega dealers have an interest... that'd be interesting: Carmax or AutoNation; Penske or Sonic. Blend what's valuable about the digital platform with their existing abilities to build bridges with customers (enhance the dealership vs. trying to replace it). Although, I imagine it'd have to get a whole lot cheaper.

The major rental agencies might have an interest... Hertzvana. Kinda catchy...

 

[Alex Snyder]

Morgan Stanley set a $0.10/ Share bear case price. That's not good!

But but but... they're up!

 

[joe.pistell]

Lets say you bought $10,000 of Carvana on it's 1st day trading (IPO day).

 

[Ryan Everson]

Carvana might be losing on the stock market, but they're handily beating GM's CarBravo on Google.

 

[joe.pistell]

View: https://twitter.com/JasonXCHartman/status/1592494914147057664?s=20&t=SWRxunynsq4Q2h-tHquHYA


CVNA has shut off the buying faucet and ended it's Dealer Partner program. From CVNA's POV, stopping new buying could be
(1) a way to reduce aged inventory --because the new units are so much cheaper--
(2) CVNA's algo could see a significant drop in internet shopper demand.
(3) all of the above

 

[ChrisR]

That is a beautiful sight.