We understand that CVNA currently makes 50% of its Gross Margin from bi-products and services. This might not be a bad thing, but we have to consider that generating and at least, for now, selling finance receivables is as crucial as selling used cars. It is as much a finance company ...
If you haven’t heard of the company, it provides a platform to research, discover, buy, and sell vehicles. It’s similar to a company that went public a couple of years ago called Carvana (NYSE: CVNA). You’ve probably seen its commercials once or twice while being stuck at home du...
@LeadAlpha Incidentally, in late June and early July 2022, with $CVNA shares then trading in the low $20s, I wrote 4 pieces on it. I was assured by people like you they were going to file bankruptcy in Q3 2022. Lo and behold, CVNA shares ripped from $21 to $58. So I love when...