The water shelf at the market almost empty had to buy small sized bottles. -
My brother-in-law the stock broker is alone on Fire Island. Since he sold his Ct condo to live in Fla to save on taxes he now has nowhere to go. Thanks. Good to have some exterior stress.
Basically he's out there on a barrier island and my brother is on Cape Cod with his family and I'm in the middle. Chances are someone's day is going to get wrecked tomorrow.
I'm thinking car auctions hard lately.
busted IPO-->!
ACVA<----- These name mentioned in a long list of ideas I think Jeffries...
And a few other names on that high-upside list include companies focused on online auto auctions (ACV Auctions(NASDAQ:
ACVA)<----
3/24--> $31 ---> $25......$18.50!!!
Knock Knock! -----
Opportunity Knocks Dept-- What we know used cars are cool. I watch Meechum and it's like watching a show about the past like Jurrasic Park... Collecting these rare animals (gas powered cars) is only going to increase as EV takes over. People have money and nothing to buy...
Car Auctions
ACV is an online automotive marketplace which since its founding in 2015, has grown rather spectacularly. The company aims to become the most efficient digital marketplace for the buying and selling of used vehicles based on transparency and comprehensive data.
The company currently lists nearly 400,000 cars with more than 16,000 marketplace participants active here. The company facilitated a gross merchandise value of $3 billion last year as the company takes a relatively steep "cut."
What makes ACV different-- Kind of Ebay like--
Since inception, it has facilitated more than 750,000 transactions between 21,000 partners. These deals are occurring through
a 20-minute live auction, which is easily accessible with the company furthermore
providing ease of a transaction as it facilitates transportation, financing, and assurance as well.
SoftBank-backed company<----
KAR Auction Services (KAR)
Timing.... is god for ACV:
Turning now to the broader market backdrop, we have clearly been operating in unchartered territory over the past year on both the demand side and supply side of the automotive market and these market dynamics contributed to record financial performance in the second quarter for ACV. As a reminder, in our first quarter earnings call, we provided an outlook for the balance of 2021 that assumed a more normalized environment, particularly around used vehicle values. I think it's fair to say that our timing was off by a few months, but the market is indeed turning. wholesale vehicle prices After peaking in early June, started to decline in July and continue to soften, which has been well-documented by the industry data providers.
The other half of the equation is supply. Last quarter, we also discussed how the lack of new car inventory due to tip shortages and other supply chain headwinds, could factor in our 2021 performance in the second half of the year. In Q2, automotive franchise dealers generally had enough supply to support strong retail performance. However, there is an emerging view at the third quarter or perhaps fourth quarter could be the low watermark for retail supply. Of course, these market dynamics are transient.
In fact, most industry participants see the new vehicle supply challenge recovering in early 2022, which would be a tailwind for trading volumes and benefit our wholesale supply. Ultimately, this is great news for ACV.
Vroom (VRM)
I like:
RBA
Ritchie Bros. Auctioneers Incorporated
$61.67
Meechum would be a good SPAC for someone...
