52 Week Range 3.55 12/07/2022
274.35 12/13/2021
If they do have to sell off their assets it will be interesting to see how their vending machines get repurposed.
Prepare yourselves for the implosion of many American businesses in the next five or so years. They are not in business to increase shareholder wealth.
When you are paying more to buy a used car than new cars sell retail because you let a computer algorithm decide what to pay, what could possibly go wrong?
When you think a fancy “vending machine” is your “hook” to sell cars…. What could to wrong?
Carvana had a long trail of issues in Florida over several years. People would buy cars and never receive their permanent tag/title. When their temporary tag expired, they would be cited by law enforcement. This went on for some time until the state got involved. FL threatened to suspend Carvana’s dealer license.
$360/sh on 8/13/21.
Today it’s $3.90.
They wanted to build a couple hundred acre lot in a town near me. Imagine what an empty asphalt lot would do to that area now. I am glad they were told to go elsewhere.
Never heard of this Carvana
Carvana - dead man walking.
A few months ago I sold my Acura via “Peddle.com” - easy transaction.
Peddle offered me more than Carvana and a MUCH easier process.
Caravan offered me 6K more for my “trade” than the dealership. They picked up my car from the office and handed me a check. I signed a few places and we were done. It was a very convenient way to do business.
Their stock is crashing as hard as Jimmy Johnson
the Garcias are reputed to be a shady bunch
the elder is a convicted felon from involvement in the Lincoln S&L scandal of the 90s.
Never understood why anyone would buy a used car sight unseen.
I bought two brand new cars over the last two years (Toyota Tacoma and then a Rav4 Hybrid). Sold them both to Carvana after a year for 5K more than I paid for them!