Yes nvidia deserves to be the most talked about entity of the week. But a company that just proved profitability, has an enormous addressable market, and restructured debt is going to offer juicy returns. Convince me otherwise
That $10 was NAV before SPAC merger
Get ready for it to crash
With interest rates the way they are and they’re sitting on an inventory of cars that are dropping in value like a rock.. I think it’s a tough sale. The car market has been going to shit for a year or so, the used market will get a tick up right now with the refund season incoming but afterwards it will be tough. Used car apr is absolutely bonkers compared to new ones which are already ridiculous
I can tell you know what you’re talking about when bringing up the tax refund season soi appreciate your comment and agree with some of it. But the thing is the market demanded profitability and the company delivered by purposefully cutting growth. And yes car prices are dropping but that’s more of a get back to normal scenario in my mind. Interest rates are a risk for everybody
I love cars even though I drive a car worth less than 5% my yearly, so I’m always looking at everything even though I don’t see myself buying for at least a year. Will keep an eye out on it, thanks for this post.
No
Catching a falling knife there bud
Their competitor Vroom also pulled out of market with 90% layoffs.
What’s so good about a crappy subprime auto marketplace
I bought a used car and sold it for just a little more than I bought it for a year later to Carvana. They even picked it up. I have no idea how they're profitable. You can get far better deals on Craigslist.
Yeah sure, Carvana will go VROOM to the sky!
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"People aren't fooled"
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Nothing to convince here. If you have decided to gamble then so be it 🤷♂️
People in blind are always looking for outsized returns. You give them an option that obviously carries risk and they act appalled you couldn’t present guaranteed returns
Ok smarty pants. Good luck