Carvana

[newwurldmn]

What’s going to happen to all those vending machines?

CVNA went from $360 to under $4 in 16 months, and used car prices are still too high (+38% since Dec'19. You know they don't have a viable business model when they burned cash in a used car bubble.

https://www.cargurus.com/Cars/price-trends/

 

[speedo]

CVNA went from $360 to under $4 in 16 months, and used car prices are still too high (+38% since Dec'19. You know they don't have a viable business model when they burned cash in a used car bubble.

https://www.cargurus.com/Cars/price-trends/

You make your money in the car retail business on the buy end. If you are not in your cars right, you can't make it up on the retail end.

 

[lightninboy]

What’s going to happen to all those vending machines?

I guess they never should have been invented in the first place.

 

[Overnight]

What’s going to happen to all those vending machines?

They could be turned into McDonald's Playlands spaces.

 

[Big AAPL]

they offered me more than I paid 5 years