#Carvana #yahoofinance
Yahoo Finance’s Rick Newman explains why Carvana was voted Yahoo Finance’s Worst Company of the Year after a tumultuous 2022, plus the outlook for the stock and the used car marketplace’s business model heading into 2023.
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Too many companies that shouldn’t have been public companies. Need to clean up the trash and toss them in the garbage can.
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Apart from the share price falling 97%, the media haven’t done a good job of explaining exactly what the issue is with Carvana. Carvana don’t own the loans they write, the owner and his dad are multi-billionaires and have a huge stake in the company. They have the means to inject money into the company and have the incentive to do so. I distinctly remember just before Tesla’s stock went up a few years ago, the media channels were saying similar things which turned out to be an amazing investment.
SCAM
@Joe do you mean , the comment was a scam to make us invest in carvana ?
@Praneeth rockz no Carvana being shorted down to 3.80 from 380 after they made a killing in the used car run up. If you believe they deserve to be a $4 stock and sell that’s you. I myself follow ole WB’s advice be greedy when others are fearful. You will look back and say I can’t believe I didn’t buy it at $4 now it’s $200 again. May take a while to get there but I have plenty of time to wait. 💰
100% BS they shorted it 100Xs they made a Ton of cash with used car prices same as RKT mortgage 1billion in profit and they shorted it don’t believe it BUY BUY BUY
Carvana will sell you a car hassle free but they own no tag agencies in the states they sell in so all of their titles must be transfered into their name at a tag agency in Arizona that is one shipment by mail…then re-mailed to the state it needs to go…if it gets to the state and something is wrong.? Back to Arizona in the mail the title goes and if it gets delivered to the wrong house???AAA who needs a stinking title anyways…. Carvana also doesn’t have any on-sight mechanics, unlike every other major dealership in America,…so if you have any warranty issues you must take your car to a normal dealership…not nirvana ….almost nirvana.. but definitely not nirvana…. It’s almost as if they never re-invested in themselves or did a simple focus group in order to perfect their craft…. So are simple imperfections are going to take down a billion dollar car vending company?… I believe they have tried to correct their transgressions by simply firing the old office people and hiring new . .but carvana needs a new business model not new people… They need on-sight mechanics…they need on-sight tag agencies…and they need most of all common sense,💯👀😎⚠️🤣