Is Carvana the Next Enron?
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- Опубликовано: 7 фев 2025
- We gave Carvana some props last week, but it seems there might be some trouble in paradise; perhaps it's not going as well as they're letting on. Plus some shrewd negotiations, wall of shame, and more.
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Fellas, please put the pictures of the cars your talking about on screen for us.
that wobbly table Doug. I'm afraid that bottle is going to hit the ground every time you talk about Carvana's business model
Ok interesting, Im not a cpa but had a couple accounting courses for general business degree. could not find huge red flags on cash flow and income statement. BUT Root adjustment pushed net income to net profit as you said, plus Payment-in-kind interest pads the cash flow. unless revenue increases considerably they wont be able to pay off debt.
When I worked for Ford many years ago, I learned that if they used car manager made money at the auction then he was doing a poor job. That meant that he was putting low numbers into the trades and probably losing deals because of it. If you weren’t losing money at the auction, then you were not valuing the trades correctly.
Question for next show. What do you think about the EPA C02 rules for 2032?
Carvana also appears to calculate GPU differently than CarMax, so not comparable. Carvana adds the wholesale and retail GPU together, which doesn’t make sense to me as a finance guy.
This needs an update. It may be getting close to big short time
What does a BMW 1M and a couple year old GT3 without a wing have in common? Chris Harris.
Carvana keeps offering me $30k for my BMW that I see listed on the aggregators for $35 to $40 regularly. I can believe they get high margins because they low-ball people on trades and some people really need the money.
Short it