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...
As luck would have it, a second time, the stock dropped back to $1.20, based on the negative headline numbers, yet the underling results were quite good, and on the morning of August 23, 2022, and we were able to buyback shares. Fidelity Realized Gains Putting It All Together Two week...