Carvana - a dumpster fire

[veeman]

https://www.reuters.com/business/autos-transportation/used-car-retailer-carvana-slumps-after-wedbush-says-bankruptcy-risk-rising-2022-12-07/

I thought their model, as opposed to a brick and mortar dealership, was cool.  So much inventory and little bullshit when it came to pricing, either for your car or to buy their car.  But I did notice their prices did not seem competitive with local brick and mortar dealerships for used cars lately. 

[veeman]

https://www.forbes.com/sites/qai/2022/11/18/why-did-carvana-stock-crash/?sh=6981002790d2

More in depth analysis.

[AutobahnSHO]

Yeah the market is crashing crashing crashing...

[Morris Minor]

My daughter bought her RAV4 hybrid from them - it was an excellent experience.

[r0tor]

I tend to think any "bankruptcy risk" comments made about any company tied to the stock market are probably more often then not just camouflage for some large stock shorting scheme.

Social media has been militarized in the stock market just like in politics.

[MrH]

I tend to think any "bankruptcy risk" comments made about any company tied to the stock market are probably more often then not just camouflage for some large stock shorting scheme.

Social media has been militarized in the stock market just like in politics.

"I'm financially illiterate, so I'll just bury my head in the sand and assume that everyone is lying"

That's a hell of a way to go through life.

[r0tor]

"I'm financially illiterate, so I'll just bury my head in the sand and assume that everyone is lying"

That's a hell of a way to go through life.

So you really think what I described doesn't happen routinely?

[AutobahnSHO]

LOL a guy posted on Maverick forum Carvana picked his truck up today. He said he checks Carvana every few weeks and the price today was pretty good. He will make a few $k.

Forum members said "cash that check QUICK before it bounces!" LOL