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Carvana stock tumbles 43%, books worst day on record as bankruptcy fears rev up
marketwatch via msn ^
| 12/8/2022
| y Mark DeCambre
Posted on 12/07/2022 9:03:40 PM PST by RomanSoldier19
click here to read article
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To: Levy78
To: RomanSoldier19
Did anybody try kicking the bottom of the vending machines?
22
posted on
12/08/2022 3:53:58 AM PST
by
FlingWingFlyer
(Hey Amerika! The whole world is watching and laughing their asses off. )
To: OrangeHoof
"Were these the ones where the car showroom was like a giant circular vending machine where the cars were spiraled toward the top?" That is one facet of their business. They also deliver directly to your home. I suspect the latter is responsible for a larger fraction of their business.
Dang...I was thinking about using them to get a used vehicle.
23
posted on
12/08/2022 4:09:18 AM PST
by
Wonder Warthog
(Not Responding to Seagull Snark)
To: RomanSoldier19
Pretty sure that obnoxious lady on the commercials didn’t help...
24
posted on
12/08/2022 4:24:17 AM PST
by
Hatteras
To: RomanSoldier19
Going to be some good deals on used cars by late spring I think
To: newfreep
26
posted on
12/08/2022 5:06:10 AM PST
by
steveo
To: minnesota_bound
—>> $270.82 one year ago and today it is $3.83
Wow! It could be worse if we were in a recession....
Or if they hadn’t been vaxxes!
To: Levy78
I’ve heard several stories about customers that buy a car but never get the title. Therefore, they can’t register or insure the vehicle and it sits in their driveway.
The company is dysfunctional.
28
posted on
12/08/2022 5:50:39 AM PST
by
fuzzylogic
(welfare state = sharing of poor moral choices among everybody)
To: steveo
A very early film from Steven Spielberg as a producer
The cut-in of Carter’s speech was hilarious topped by blowing up the Mercedes - “That’s to f’n high!”
29
posted on
12/08/2022 5:55:57 AM PST
by
newfreep
("There is no race problem...just a problem race")
To: RomanSoldier19
Really nice corporate office at Tempe Town Lake.
An industrial palette is balanced with warm residential accents to encourage employee socializing and collaboration.
Relaxation space is found throughout the workplace with club-like lounge furniture, finishes and fixtures.
Walls become works of art, covered in colorful murals riddled with playful core value statements.
Use of glass throughout the design provides ample daylight as well as transparency without neglecting the need for private spaces.
Elements of surprise include library shelves that open to reveal a hidden bar and a game room hidden behind chain-link curtains.
To: Tommy Revolts
Corporate Office sounds like a place where no work is encouraged. I guess that was the outcome they wanted, bankruptcy.
31
posted on
12/08/2022 6:21:16 AM PST
by
1Old Pro
To: 1Old Pro
To: RomanSoldier19
Never understood the model. A gimmicky giant vending machine of cars is somehow a value add for the buyer? Otherwise buying online, having a car delivered is not a unique offer. I assume a small margin on the vehicle and financing, but with the overhed and lack of manufacturer incentives this sounds like it balances on a razor.
33
posted on
12/08/2022 6:34:08 AM PST
by
Made In The USA
(Ellen Ate Dynamite Good By Ellen)
To: RomanSoldier19
How can this be? They gave me $6K over MSRP for my three year old Civic!
34
posted on
12/08/2022 7:02:10 AM PST
by
utax
To: RomanSoldier19
I wonder if you could convert a Carvana "vending machine" into a house? Might take lots of mini-blinds...
35
posted on
12/08/2022 7:05:22 AM PST
by
moovova
("The NEXT election is the most important election of our lifetimes!“ LOL...)
To: Made In The USA
A gimmicky giant vending machine of cars is somehow a value add for the buyer?Maybe some buyers will try kicking the side of the giant vending machine hoping two cars will drop down.
To: RomanSoldier19
This is too bad. They gave me the best price for my car and came to my home to pick it up. Signed the paperwork in the garage in a few minutes and they handed me the check.
37
posted on
12/08/2022 9:28:10 AM PST
by
willk
(Local news media. Just as dangerous as national media.i)
To: utax
they needed inventory at any price until the ceo’s cash out
thats how it can be
Ernie Garcia II, the billionaire father of used car dealership Carvana’s CEO, has sold more than $3.6 billion of company stock since October — raising eyebrows over whether the ownership structure of the firm gives the family too much control.
38
posted on
12/09/2022 8:05:47 AM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: RomanSoldier19
Yeah - six months (and four price reductions) after i sold them the car one of their marketplace partners sold it for $800 less than they paid me.
And based on how little time they spent inspecting the car (near zero) i would be very reluctant to buy a car from them.
39
posted on
12/09/2022 8:49:33 AM PST
by
utax
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