I brought a car from carvana with their instant buying and got an 11.69%. I then called my bank after receiving all my paperwork and got same months at 4.98%
Carvana attempted to deliver a vehicle to me several days late with numerous indications of recently being involved in a collision . Broken glass scattered throughout the interior, repainted with overspray on front bumper area, and damage to exhaust system . No need to inspect further, it was refused.
@@petrosaguilar8916 Your not buying t it 'unseen' you see it when it's delivered if its got visible issues you can refuse even before it gets off the flatbed hauler or take it for a test ride . If it's acceptable to you then sign that your buying, i refused a car when it arrived it had some body damage that wasn't on the pics, (from what i figure was mishandling on/off the car hauler), they took it back to their yard i paid nothing.
@@Muffin192213 they only give you three such attempts then you're charged for it. I'd rather be able to inspect an unlimited amount of cars before I commit. Knowing how many bad cars are on the used market you can burn up those three attempts quickly.
I sold a 4-year-old Jeep Wrangler with a $31K sticker price to Carvana for over $28K, which was higher than the current market price at the time. They also half-assed the inspection. My wife and I walked away thinking, “we will definitely sell to Carvana again, but we will never buy from them.”
Can you see the parallels with the 2008 housing crisis? They are selling packaged loans on the market that have no assets backed behind them because the consumer got credit approval for something they can't afford. Kind of explains the dealer markup in the new car market as well.
Won't cause nearly the same financial damage so don't expect some 08 repeat. Also CarMax sells off it's prime and sub prime loans to other banks too. They've been doing it for years and nobody bats an eye.
Carvana selling vehicles when they didn’t have a title for the car eliminated me from ever doing business with them. Carmax, none negotiable pricing, along with their significant overpricing eliminates me from doing business with them.
You buy warranty and convenience. You pay to avoid craigslist nightmares. But yes if have the time to waste to look around and you know cars, you can do better. People will pay for good service. Obviously.
Drivetime/ carvana owns bridgecrest financial, they also finance cars thru drive time. They also own adesa auto auctions they could be pulling all the companies together to give the profits
Some of cars sold in Carvana were directly from Hertz. However if you exclude that cars from hertz sold in Carvana into the consideration, the average price sold in Carvana was/is abnormally high, beyond comprehension.
They've been doing it for awhile. It'll pop eventually but not unless there's high unemployment or car values absolutely crash which I don't see happening.
*Recommended viewing related to this "financing" subject (both on the nuts/bolts of the 2008 meltdown): - "An Inside Job" by Charles Ferguson - "The Big Short" by Michael Lewis Both films are understandable and are very informative/entertaining. ... Thanks guys. "It's a duck." Quack!
@@petrosaguilar8916 Could of, should of, would of... No, you're the problem for being judgemental. You don't know me or the situation I was in. Carmax / Carvana offered me a quick solution.
That's been going on across the auto industry for years and years. CarMax has always sold its prime and sub prime loans to other banks since it's inception.
Yes They are modern day loan sharks and they don’t care about the profit in the car- they want the finance interest in the loans, knowing they can repo and resell the car and a new loan into the future. Not shocking but as a publicly traded company it will be interesting to see how the sec looks at their business.
it is one of the biggest family business "money making" deals. you got to give them credit , they have been open, meaning it is a public company, and if you read into the copany, they are doing this to make money and benefit the family. That no one pays attention and keep investing on this scheme its just amazing. No one looks at the "small" details !!!
just a comment, I`ve been shopping for a highlander or Pilot and the highlander is definitely in short supply here in Georgia. Costco buying service helps but very little selection and toyota`s finance at close to 6% does not help. Plenty of Pilots around but not quites as smooth a ride.
Simple: buy car for $10k. Sell car for $6k. But, the buyer signs a loan at a high interest rate. Now the I-owe-u is worth much more than the $10k. Take 100 of these I-owe-u loans and put them together creating a security .. aka .. A stock, bond. The investor bank purchases the security. And when the borrowers stop paying? The investor bank goes to the government for a bailout.
I couldn't agree more with you, but why are you stopping there? What about the entities that purchased these loans being scorched? You didn't do a better job of looking at the criteria used to establish the loan in the first place?
Wow! Caredge website is GREAT! So, people can buy through your website even if in California? If so, then you already have the connections with best loans and warranties to get? Hoping you answe!
So does Carvana sell cars with the intent of repo'ing it and selling it again and again? There is a car lot here that sold really cheap cars. The required down payment covered the cost of the car, and any of the buy-here-pay-here payments were pure profit. When a payment was missed, the car was repo'd then resold and the scam continued...
Not exactly, Carvana has already sold the contracts / paper. The repos are owned by Wall Street investors (like the bad bundled home loans) in early 2000s causing the crash in 2008. The repos aren’t theirs, but many end up at auctions to be passed on to the next dealers, maybe even them due to they get first chance. That’s why they bought Adesa (2nd largest auto auction chain) They get to steal the car, rinse and repeat. CarMax is also mostly subprime, but different. They do internally bad credit and resell their own repos without outside influences. Both huge scams, if you have a logo or a tag from either, you’re just advertising yourself as a bad credit, poor negotiator who is driving a piece of crap vehicle. Albeit, for a short period of time.
Everyone has known for sometime this was a house of cards. SO, the larger question here is, What will happen w/in the car industry if this firm goes under? Outside of the stockholders taking a bath.
Typically their inventory will go up for sale. Then that money is used to pay debt. So you might have a slight uptick in used car inventory then it'll level off.
Zack...highlight the VIN in tyhe chat room with your cursor/mouse and select CTRL C (Select C while holding the CTRL key). Place cursor in your CarEdge VIN block then select CTRL V.
Had a neighbor who was a car dealer who did this. He'd sell a car to typically a minority who can't get a loan. Sell them a car for say $25k, but they had to put $5k down. Typically they would make payments for a few months, then start missing. He'd tell them he'd take the car back, after promising to not go after them for default. Then sell the car again for $25k, and again and again. It all caught up with him, he lost his home, wife and now is grifting in some other industry. But Carvana is doing this on a big-time scale, and I assume their end will be the same.
@ It’s a financial scam, selling to people when they know they can’t pay and then thinking you’re some sort of wheeler dealer. A lot could go wrong, and did. Like when they had to repo cars that were damaged. Guys coming after him. Banks not working with him…
Greed. Unchecked greed that runs rampant when regulations either don’t exist or are rolled back. Corporations aren’t going to operate for anything but profit unless they are forced to
Most of the regulations that came about after the crash of '29 are gone, having been pecked away at by those whom they were intended to regulate. The government doesn't even enforce monopoly laws.
@HH-le1vi the entire point of capitalism is to make profit, endless profit. This world-is-not-enough mentality will bring about the eventually downfall of the US as the rich only get richer the poor poorer. It's not a sustainable economic model.
These are all made up loans. They’re just laundering that money. We got a car dealership here our dealership does that big enough to have a ton of money moving and there nobody’s paying attention. You guys start adding the bottom lines up. 🤣🤣🤣
Once someone sells their loan, and gets the money it is no longer their loan so where is the fraud? I am not saying that the people who buy the loans are very bright but lots of people make high risk loans, big risk potential big rewards, it is a numbers game.
If you want to look at pump and dump shares/grift look no further than DJT stock. Massive over inflation of value vs pathetic revenue. So, all stock value is in the eye of the beholder!
Here we go again, these so called men of the people, using the old were better than them, and we deserve it but they don't, in other words. The only reason your making money is because you loan money to them(poor people). Now don't get me wrong, i believe what they say is somewhat accurate, but they blame the Sub prime borrowers, when the issue is that the way the makets operate this is perfectly legal, and when this scam backfires and the taxpayers have to fund this bull, most of YOU people will blame the Sub Prime borrowers. Who's the idiot!! Not the borrowers they just took what was offered. These guys are paid to deflect the anger towards poor people and they are paid by Carvana "in my opinion" people like these 2 are what's wrong with this country and mostly the reason our issues will never get solved. Now of course I bought Carvana Stock when it was $7 a share just 3 years ago, and I've sold it at a substantial profit. But that's just what American Business is since Your beloved Ronald Regan. These 2 bullshitters know it and in my opinion profit from it on both ends, they knew this information 3years ago, or at least they should have. Now they are attempting to focus the outrage towards the usual scapegoats!! # AIN'T THAT AMERICAN
$5100 recorded income but unreported illegal activity that generates money is how they survive. Also Zach, 21,000 P/E ratio is not 21 X 10,000. That equals 210,000. Not a math wiz, bud.
Trying to claim all the profit in a multi year contract, naturally assuming nothing will go wrong, was one of the things and Ron did. I believe they called it Mark to market which is not at all what that supposed to mean
I don't know, which is why I no longer have a dime invested. For me, it got even more opaque/nuts when "Virtual Currencies" began to be offered. Never invest in ANYthing you do not satisfactorily understand.
Future class action lawsuit waiting to happen. Drivetime has bought literally hundreds of cars that my dads company wholesales for top dollar that need tons of work. You know they do none of it and sell these cars to unwitting people that dont know any better... preying on people that shouldn't deserve a car loan and have no money left over to fight to get out of the car they buy.
I've been waiting for this one. About a year ago when Carvana was at its lowest your channel along with others slammed their practices and predicted their demise. In that year, Carvana went from about a $25 stock to very recently a $260 stock. As of today it has ticked back but the point is thanks for the doom and gloom when people could have made a mint off CVNA.
really... I don't care how they do business. Can I get a good deal on a car and a loan that I can live with is all i care for at a car dealer? If Carvana goes under I don't care as I wont buy any of its stock. :)
As a 38-year used banker, I have to completely agree with Ray's opinion.
You guys are my go to watch on my lunch break. Keep up the good work fellas
I brought a car from carvana with their instant buying and got an 11.69%. I then called my bank after receiving all my paperwork and got same months at 4.98%
Was just thinking if I could do this. Nice lol
Carvana attempted to deliver a vehicle to me several days late with numerous indications of recently being involved in a collision . Broken glass scattered throughout the interior, repainted with overspray on front bumper area, and damage to exhaust system . No need to inspect further, it was refused.
Buying a car unseen you're begging for trouble.
@@petrosaguilar8916 Your not buying t it 'unseen' you see it when it's delivered if its got visible issues you can refuse even before it gets off the flatbed hauler or take it for a test ride . If it's acceptable to you then sign that your buying,
i refused a car when it arrived it had some body damage that wasn't on the pics, (from what i figure was mishandling on/off the car hauler), they took it back to their yard i paid nothing.
@@Muffin192213 they only give you three such attempts then you're charged for it. I'd rather be able to inspect an unlimited amount of cars before I commit. Knowing how many bad cars are on the used market you can burn up those three attempts quickly.
Carvana: if Madoff and Enron had a child.
I sold a 4-year-old Jeep Wrangler with a $31K sticker price to Carvana for over $28K, which was higher than the current market price at the time. They also half-assed the inspection. My wife and I walked away thinking, “we will definitely sell to Carvana again, but we will never buy from them.”
Can you see the parallels with the 2008 housing crisis? They are selling packaged loans on the market that have no assets backed behind them because the consumer got credit approval for something they can't afford. Kind of explains the dealer markup in the new car market as well.
Won't cause nearly the same financial damage so don't expect some 08 repeat. Also CarMax sells off it's prime and sub prime loans to other banks too. They've been doing it for years and nobody bats an eye.
My favorite father/ son team
Sounds like Carvana is doing with auto loans what the banks did with home loans in the early/mid 2000's.
Exactly what I was thinking
This is how the loan industry works.
Yep...the Big Short all over again.
Carvana selling vehicles when they didn’t have a title for the car eliminated me from ever doing business with them. Carmax, none negotiable pricing, along with their significant overpricing eliminates me from doing business with them.
You buy warranty and convenience. You pay to avoid craigslist nightmares. But yes if have the time to waste to look around and you know cars, you can do better.
People will pay for good service. Obviously.
Great analysis Guys! Keep up the good work! Thank you.
I do know from personal experience, Carvana tries to dump used cars from up north onto unwitting Southerners who are not aware of the rust issues.
1000%
I assume that’s every major seller of used cars
And flood cars from the south up north. The circle of questionable business practices
From Minnesota. Just sold a car to Carvana an hour ago.
Well they ARE a rich vein of gulla-billies...
Selling loans to people who don’t deserve them sounds like the 2008 financial crisis.
EXACTLY.
Hindenburg has a history of lying in order to profit off of stock price changes...
Drivetime/ carvana owns bridgecrest financial, they also finance cars thru drive time. They also own adesa auto auctions they could be pulling all the companies together to give the profits
That's just an umbrella setup. That's pretty common for large companies
Dumping Rust buckets or flooded vehicles without disclosing that fact is pure fraud and illegal
Zach, 21x1000 equals 21000. If the PE was 10 000x the PE would be 210000. You could get a job as a carvana accountant😊
Just looked at put options on CVNA, 01/16/26 expiration, $15.00 strike .96 bid .98 ask.Around 7000 contracts'.
Great video. It is amazing Carvana is still operational, and its principals are still walking around free.
Sounds like ENRON executives opened up Carvana.
Some of cars sold in Carvana were directly from Hertz. However if you exclude that cars from hertz sold in Carvana into the consideration, the average price sold in Carvana was/is abnormally high, beyond comprehension.
The car market is the next housing bubble to pop you see the writing on the wall by the loans they are giving out to the people who shouldn’t get them
They've been doing it for awhile. It'll pop eventually but not unless there's high unemployment or car values absolutely crash which I don't see happening.
*Recommended viewing related to this "financing" subject (both on the nuts/bolts of the 2008 meltdown):
- "An Inside Job" by Charles Ferguson
- "The Big Short" by Michael Lewis
Both films are understandable and are very informative/entertaining.
...
Thanks guys. "It's a duck." Quack!
Carvana controls the market we won't see a 50% correction because car prices can be bought and re sold by them with ease
I've sold cars to Carmax and Carvana, Without a doubt Carvana was the most shady company to deal with.
Should have sold them privately. You're part of the problem doing business with unethical companies such as this.
@@petrosaguilar8916 Could of, should of, would of... No, you're the problem for being judgemental. You don't know me or the situation I was in. Carmax / Carvana offered me a quick solution.
If you make $600 per month, Carvana will approve you for a $900 per month car payment loan...
I'm not a car nut, but I really enjoy your show! Will use CarEdge when I'm ready to buy. Thanks, gents!
You guys have no heat in your houses.
Ray knows the cost of overhead. ;)
Just like here in the UK.
"In Soviet mother Russia, house heats YOU." :o)
The Lawyers got to you ! HAHAHA
Carvana is repackaging those loans and reselling the loans. I.E. Mortgage industry 2008. sound familiar?
That's been going on across the auto industry for years and years. CarMax has always sold its prime and sub prime loans to other banks since it's inception.
I have a car from Carvana should I try and pay it off or just keep paying payments before something happens.
Same here
I'd wait. They might fold and you'll end up with a free car.
Zach...you mean 1000, not 10,000
So should I take their offer for my mom’s Cadillac (2013 XTS with 17,000 miles) immediately and then run for it?
Yes
They are modern day loan sharks and they don’t care about the profit in the car- they want the finance interest in the loans, knowing they can repo and resell the car and a new loan into the future.
Not shocking but as a publicly traded company it will be interesting to see how the sec looks at their business.
I heard this and sold my stock this week 😂
Buy puts 12 months out....best way to short the stock.
Can't believe anyone would be dumb enough to buy a car from Carmax or Carvana.
What Carvana is doing is also driving up car values or at the least keeping them from coming down.
I agree w/Ray. Carvana's "profit per vehicle" surely has to be based upon sub-prime loans w/super high APRs (which may or may not be paid off).
Ray is off the hook, but he's right !!!🤣
And how do you pay a car loan on $5100 a year??
Can’t happen
How is the fair purchase amount for the tundra in the example less than the wholesale amount? Tundras are usually over wholesale at auctions .
it is one of the biggest family business "money making" deals. you got to give them credit , they have been open, meaning it is a public company, and if you read into the copany, they are doing this to make money and benefit the family. That no one pays attention and keep investing on this scheme its just amazing. No one looks at the "small" details !!!
just a comment, I`ve been shopping for a highlander or Pilot and the highlander is definitely in short supply here in Georgia. Costco buying service helps but very little selection and toyota`s finance at close to 6% does not help. Plenty of Pilots around but not quites as smooth a ride.
Hindenburg is LEGIT. Carvana is cooked.
If I read the resume of Ernest Garcia II (the dad) his previous experience on probation, for fraud, I can answer any questions.
Math is hard. A 21,000 P/E is 1,000 times a 21 P/E.
Simple: buy car for $10k. Sell car for $6k. But, the buyer signs a loan at a high interest rate. Now the I-owe-u is worth much more than the $10k. Take 100 of these I-owe-u loans and put them together creating a security .. aka .. A stock, bond. The investor bank purchases the security. And when the borrowers stop paying? The investor bank goes to the government for a bailout.
When they stop paying they repo the car and do it again after earning payments
Hindenburg has been on fire
LOL
Their stock is ballooning 😀
That's how their business works. Research companies and if it's bad they short them.
I couldn't agree more with you, but why are you stopping there? What about the entities that purchased these loans being scorched? You didn't do a better job of looking at the criteria used to establish the loan in the first place?
This is how the housing crisis was created.
If the loans Carvana writes are so bad I wonder what company would buy the loans from Carvana.
its up to the buying company to do their due diligence.
The same people that were buying loans then bundling them off to Never Never Land in 2008
You might want to Google Carvana and Ally Financial.
Doesn't matter. If enough of the loans default then the government will just bail them out with your tax dollars. Gotta love an oligarchy.
How many centuries would it take to earn enough to equal the share price ?
200/share. Wouldn't take very long to earn that much
Wow! Caredge website is GREAT! So, people can buy through your website even if in California? If so, then you already have the connections with best loans and warranties to get? Hoping you answe!
You can get a car AND cover the insurance on $5,100 annually? I've been doing it wrong this entire time....
Thanks
So does Carvana sell cars with the intent of repo'ing it and selling it again and again?
There is a car lot here that sold really cheap cars. The required down payment covered the cost of the car, and any of the buy-here-pay-here payments were pure profit. When a payment was missed, the car was repo'd then resold and the scam continued...
Not exactly, Carvana has already sold the contracts / paper. The repos are owned by Wall Street investors (like the bad bundled home loans) in early 2000s causing the crash in 2008. The repos aren’t theirs, but many end up at auctions to be passed on to the next dealers, maybe even them due to they get first chance. That’s why they bought Adesa (2nd largest auto auction chain) They get to steal the car, rinse and repeat. CarMax is also mostly subprime, but different. They do internally bad credit and resell their own repos without outside influences. Both huge scams, if you have a logo or a tag from either, you’re just advertising yourself as a bad credit, poor negotiator who is driving a piece of crap vehicle. Albeit, for a short period of time.
My comments are not financial advice and are my opinions, I forgot what I was going to say.
Everyone has known for sometime this was a house of cards. SO, the larger question here is, What will happen w/in the car industry if this firm goes under? Outside of the stockholders taking a bath.
Nothing will happen. Just how it was before Caravana appeared.
Typically their inventory will go up for sale. Then that money is used to pay debt. So you might have a slight uptick in used car inventory then it'll level off.
Hoodie and the sweater 😂
Zack...highlight the VIN in tyhe chat room with your cursor/mouse and select CTRL C (Select C while holding the CTRL key). Place cursor in your CarEdge VIN block then select CTRL V.
177.16 USD stock price 1/3/25
Who will end up bailing out all these bad loans? This is a modern day Enron.
The taxpayers, as always. It's great to be big business in an oligarchy.
You don't need a bail out if you get the asset back and resale it
Eerily similar accounting tp what sunk Enron...
After all the various scandals involving Carvana, I’m shocked they’re still in business.
What percent of sales are financed by Caravan? I finance my purchase from them myself.
Didn’t even know carvana was still around
Had a neighbor who was a car dealer who did this. He'd sell a car to typically a minority who can't get a loan. Sell them a car for say $25k, but they had to put $5k down. Typically they would make payments for a few months, then start missing. He'd tell them he'd take the car back, after promising to not go after them for default. Then sell the car again for $25k, and again and again. It all caught up with him, he lost his home, wife and now is grifting in some other industry. But Carvana is doing this on a big-time scale, and I assume their end will be the same.
Im curious what he into trouble for when buy here pay here lots all do this?
@ It’s a financial scam, selling to people when they know they can’t pay and then thinking you’re some sort of wheeler dealer. A lot could go wrong, and did. Like when they had to repo cars that were damaged. Guys coming after him. Banks not working with him…
Did you guys not say two years ago Carvana was going out of business?
It'll happen eventually. They have an unsustainable business model.
Common ain’t sense to everyone!!
Greed. Unchecked greed that runs rampant when regulations either don’t exist or are rolled back. Corporations aren’t going to operate for anything but profit unless they are forced to
Most of the regulations that came about after the crash of '29 are gone, having been pecked away at by those whom they were intended to regulate. The government doesn't even enforce monopoly laws.
The entire point of a company is to make profit.
@HH-le1vi the entire point of capitalism is to make profit, endless profit. This world-is-not-enough mentality will bring about the eventually downfall of the US as the rich only get richer the poor poorer. It's not a sustainable economic model.
Sounds like carvana is the ultimate buy here pay here store
They is "Totin' The Note!".
These are all made up loans. They’re just laundering that money. We got a car dealership here our dealership does that big enough to have a ton of money moving and there nobody’s paying attention. You guys start adding the bottom lines up. 🤣🤣🤣
Ray doesn't trust con artists, smart people do.
"For entertainment purposes. "
Once someone sells their loan, and gets the money it is no longer their loan so where is the fraud? I am not saying that the people who buy the loans are very bright but lots of people make high risk loans, big risk potential big rewards, it is a numbers game.
I want a Carvana elevator.
PE can be thought of as "How many years will it take to be paid back, for my investment." 21 is a 21 year payback period.
At the current state but doesn't account for trends if your net grows every quarter on a 3.6 b revenue it shows great potential
There is no auto industry left to shock
I should of bought puts when it was 250 because everyone knew this company was a scam. However you can never predict these clown markets.
PE ratio becomes gibberish when a company has low earnings - for whatever reason.
Disingenuous to use that stat under these circumstances.
It's the perfect time to be a crook. Just sayin', from any political vantage point of your choosing.
I mean, I know what you are insinuating but these things happened already not something that is just starting
Dementia joes whole family are thieves, Joe perfect for carvana board !!!
Need to train RayBot to read VIN numbers.
If you want to look at pump and dump shares/grift look no further than DJT stock. Massive over inflation of value vs pathetic revenue. So, all stock value is in the eye of the beholder!
You can say that about a ton of companies
10,000 times greater? I think your math is faulty. Try 1000
Here we go again, these so called men of the people, using the old were better than them, and we deserve it but they don't, in other words. The only reason your making money is because you loan money to them(poor people). Now don't get me wrong, i believe what they say is somewhat accurate, but they blame the Sub prime borrowers, when the issue is that the way the makets operate this is perfectly legal, and when this scam backfires and the taxpayers have to fund this bull, most of YOU people will blame the Sub Prime borrowers. Who's the idiot!! Not the borrowers they just took what was offered. These guys are paid to deflect the anger towards poor people and they are paid by Carvana "in my opinion" people like these 2 are what's wrong with this country and mostly the reason our issues will never get solved. Now of course I bought Carvana Stock when it was $7 a share just 3 years ago, and I've sold it at a substantial profit. But that's just what American Business is since Your beloved Ronald Regan. These 2 bullshitters know it and in my opinion profit from it on both ends, they knew this information 3years ago, or at least they should have. Now they are attempting to focus the outrage towards the usual scapegoats!! # AIN'T THAT AMERICAN
Carvana resells a lot of ex rental cars, after the second owner decides to dump them😢
Would the original rental aspect show up on a Carfax?
$5100 recorded income but unreported illegal activity that generates money is how they survive. Also Zach, 21,000 P/E ratio is not 21 X 10,000. That equals 210,000. Not a math wiz, bud.
Trying to claim all the profit in a multi year contract, naturally assuming nothing will go wrong, was one of the things and Ron did. I believe they called it Mark to market which is not at all what that supposed to mean
Too bad I didn't 'get some'. While the GETTIN WAS GREAT
Most of the stock market is over valued. The crash is just around the corner ???
The is about to burst. 😂😂😂😂
I don't know, which is why I no longer have a dime invested. For me, it got even more opaque/nuts when "Virtual Currencies" began to be offered. Never invest in ANYthing you do not satisfactorily understand.
Virtual currency is a bigger scam than fiat currency. At least you have paper!
Future class action lawsuit waiting to happen. Drivetime has bought literally hundreds of cars that my dads company wholesales for top dollar that need tons of work. You know they do none of it and sell these cars to unwitting people that dont know any better... preying on people that shouldn't deserve a car loan and have no money left over to fight to get out of the car they buy.
Shot everytime you hear IMO 😂
I've been waiting for this one.
About a year ago when Carvana was at its lowest your channel along with others slammed their practices and predicted their demise.
In that year, Carvana went from about a $25 stock to very recently a $260 stock. As of today it has ticked back but the point is thanks for the doom and gloom when people could have made a mint off CVNA.
This is so shady that you guys collect personal data on car edge website to share invoice price. Very shady.
Well I want to sell my car in carvana they don't give me what I want
What is going on, handsome?!
With how whacky the whole industry has been lately, just keeping track is giving me scintillating scotoma...
Keep it up, fellas! 👍
really... I don't care how they do business. Can I get a good deal on a car and a loan that I can live with is all i care for at a car dealer? If Carvana goes under I don't care as I wont buy any of its stock. :)
Didn’t the Hindenburg blow up? Oh for the Humanity!
They better get a minivan because they are definitely gonna have to live in it
So... Will these people go to jail to disincentivize this kind of behavior? Somehow I doubt it.
Dig into the Cyber Truck incident...Its important and he was not a crazy person & that was not his body in the Cyber Truck!
To be fair, Carvana does offer cars for less than 250 a month.