Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

CVNA - Carvana Co

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Jun 8, 2017.

Tags:
  1. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,995
    Likes Received:
    2,017
    Carvana Co. operates an e-commerce platform for buying used cars in the United States. It purchases, reconditions, sells, and delivers vehicles to customers through its Website. The company was founded in 2012 and is headquartered in Phoenix, Arizona.

    [​IMG]
     
  2. Lonnie Ray

    Lonnie Ray Active Member

    Joined:
    Jun 27, 2016
    Messages:
    268
    Likes Received:
    39
    It doesn't suck
     
  3. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,995
    Likes Received:
    2,017
    An interesting concept, I wonder if it has potential to expand.
     
  4. Lonnie Ray

    Lonnie Ray Active Member

    Joined:
    Jun 27, 2016
    Messages:
    268
    Likes Received:
    39
  5. Timbo

    Timbo Active Member

    Joined:
    Jan 15, 2017
    Messages:
    396
    Likes Received:
    139
    They have one in Nashville Tn. Neat place, the showroom is a multifloor round glass building on a turntable, they put the vehicles on a elevator and put them on display. It's located beside I-65, great location. I'm sure they do well, unique concept.
     
  6. fireopal

    fireopal Well-Known Member

    Joined:
    Apr 18, 2016
    Messages:
    2,341
    Likes Received:
    541
  7. rickoshea

    rickoshea New Member

    Joined:
    Mar 29, 2019
    Messages:
    1
    Likes Received:
    0
    The multi-story dispensary with the "coin slot" is an expensive gimmick but probably has value as an advertising hook. It is in fact just another used car lot. Having used car lots is not all that Carvana has in common with the mounting competition in the online used car space. Carvana appeals to sub-prime borrowers who are often happy to finance a vehicle and don't have a lot of choices. It's the old bad-credit-no-credit sales approach but one has to wonder who holds that paper? Seems to me you want to have extreme transparency given this is a publicly traded company.

    Aside from the ongoing crush of competition, it doesn't appear that CVNA can ever stop losing money. To grow revenue they have been losing more and more money, having already lost not just tens or hundreds of millions but thousands of millions of dollars with no end in sight. CVNA has no moat nor does it hold an iota of advantage over what any existing dealership group can offer. It's one of dozens if not hundreds of online used car lots, and has all of the attendant baggage of use car salesmen trying to make a buck. Probably worst of all is the number and nature of the small outfits pushing this paper on naive clients blinded by slick sales pitches about the Internet, e-commerce, AI and other now 25 year old mainstream concepts. I see this ending very badly for investors.
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,828
    Likes Received:
    2,488
    This has been showing strength, with the yield curve inverting today. Revenues have doubled since just last year.
     
  9. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    788
    Likes Received:
    416
    One just popped up off the 405 freeway in Orange County. Couldn't figure out what is was going to be when it was being built. Has cars in it as of yesterday.
     
  10. Syynik

    Syynik Member

    Joined:
    Aug 7, 2016
    Messages:
    67
    Likes Received:
    38
    Remember CarMax? The "No Haggle Car Buying Experience"? Well, I see a possibility in Carvana. They just opened a vending machine near me and I see the Carvana vans with vehicles on them occasionally. I have this on watch. I think it has real possibility if only for the unique buying experience they provide.

    PS; CarMax made me a lot of money....
     
    Optionslayer likes this.
  11. Optionslayer

    Optionslayer Member

    Joined:
    Nov 7, 2019
    Messages:
    84
    Likes Received:
    67
    I though it was a car museum at first. :D
    This one was nice, had some nice rides.

    2020 baby, order your car online out of a slot machine, hell , they deliver if you want.
     
    Syynik likes this.
  12. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,995
    Likes Received:
    2,017
    Ouch, they got cut in half here, but still an impressive chart until this last week.
     
    Syynik likes this.
  13. Syynik

    Syynik Member

    Joined:
    Aug 7, 2016
    Messages:
    67
    Likes Received:
    38
    Hoping my cash clears before too long. I like them as a long and this sell off makes me want to go drop a giant coin in a giant vending machine!
     
    Optionslayer likes this.
  14. Syynik

    Syynik Member

    Joined:
    Aug 7, 2016
    Messages:
    67
    Likes Received:
    38
    In at about $40.45. Long term hold for me, if I can free up some more cash these next few months I'll add to them.
     
  15. Syynik

    Syynik Member

    Joined:
    Aug 7, 2016
    Messages:
    67
    Likes Received:
    38
     
  16. Syynik

    Syynik Member

    Joined:
    Aug 7, 2016
    Messages:
    67
    Likes Received:
    38
    Nice move today, I like the increased volume. Was pondering a sell so I can buy back under 40, but I really should just stop getting in my own way sometimes.
     
    B Russ likes this.
  17. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,995
    Likes Received:
    2,017
    wow, +43%, impressive bounce!
     
    Syynik likes this.
  18. Syynik

    Syynik Member

    Joined:
    Aug 7, 2016
    Messages:
    67
    Likes Received:
    38
    Another impressive day.
     

Share This Page