Row 5752

Row ID: 5752 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 5752 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Background: I’ve been in Automotive Sales for 4+ years. I have been in sales, finance and insurances.

2020-2023: If you work in the business then you recall during this time you could not even buy a lot of cars from auction due to getting outbid by Carvana and Carmax. They would go 1000-1500 over retail book value which already sets them back if they want to have volume based pricing.

Carvana stated they averaged $6432 per copy. Now either they are straight up committing forcible sodomy on way too many people or they are full of 💩. I’m leaning towards the 💩.

The average dealership should run 3000 a copy split between the front and back. A great dealership will run 4000-4500 a copy between the front and back. The front gross is determined by the sale of the vehicle and the back gross is your finance and insurances.

Here is the catch. Book data on cars is still rough. Buying cars from the auction is STILL rough. Dealers are still paying a fair share of money just to acquire used cars. Carmax who is the number one automotive group in the country didn’t even put those numbers up. Yet Carvana is magically the highest grossing store per unit in the entire country.

I’m considering going into a short position because this has fraud written all over it.

https://investors.carvana.com/~/media/Files/C/Carvana-IR/documents/cvna-shareholder-letter-q1-2024.pdf

Update: Set 10k to the side before market close. May look at going 08/16/2024 110p

What better way to shine a light on their cooked books than price action.

FieldValue
text Background: I’ve been in Automotive Sales for 4+ years. I have been in sales, finance and insurances. 2020-2023: If you work in the business then you recall during this time you could not even buy a lot of cars from auction due to getting outbid by Carvana and Carmax. They would go 1000-1500 over retail book value which already sets them back if they want to have volume based pricing. Carvana stated they averaged $6432 per copy. Now either they are straight up committing forcible sodomy on w…
label r/wallstreetbets
dataType post
communityName r/wallstreetbets
datetime 2024-05-03
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url_encoded Z0FBQUFBQm5Lak9HR2tOZHg5YlBQa1A2SWwyYUFEaFZ2WkRfWXdkSWJZUXpqS3BaOUFGMkNobklfaEJSYUt2a180RHRQVFYxcWd4WnNPT0h5NTAxVXdRM3NCbWZjdm9jQmVKSDVWZmxiZmlsVG8yaDNtSVhkTFJUR1RTek4xNEhlcUxsNGR2QmwtZERHSGNIWkdkWkNSWHhIdmIzdElPeWk5c2lLWTNuZ2ItVzRpZ0VjWU1JT2NvPQ==

Raw Record

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  "text": "\nBackground:\nI’ve been in Automotive Sales for 4+ years. \nI have been in sales, finance and insurances.\n\n2020-2023: If you work in the business then you recall during this time you could not even buy a lot of cars from auction due to getting outbid by Carvana and Carmax. They would go 1000-1500 over retail book value which already sets them back if they want to have volume based pricing. \n\nCarvana stated they averaged $6432 per copy. Now either they are straight up committing forcible sodomy on way too many people or they are full of 💩. I’m leaning towards the 💩. \n\nThe average dealership should run 3000 a copy split between the front and back. A great dealership will run 4000-4500 a copy between the front and back. The front gross is determined by the sale of the vehicle and the back gross is your finance and insurances. \n\nHere is the catch. Book data on cars is still rough. Buying cars from the auction is STILL rough. Dealers are still paying a fair share of money just to acquire used cars. Carmax who is the number one automotive group in the country didn’t even put those numbers up. Yet Carvana is magically the highest grossing store per unit in the entire country. \n\nI’m considering going into a short position because this has fraud written all over it. \n\n\nhttps://investors.carvana.com/~/media/Files/C/Carvana-IR/documents/cvna-shareholder-letter-q1-2024.pdf\n\nUpdate: Set 10k to the side before market close. May look at going 08/16/2024 110p \n\nWhat better way to shine a light on their cooked books than price action.",
  "label": "r/wallstreetbets",
  "dataType": "post",
  "communityName": "r/wallstreetbets",
  "datetime": "2024-05-03",
  "username_encoded": "Z0FBQUFBQm5LakwyZlRiTTU1THBFV1JQXzJRVmhEX2haYnJDaHhZWEZNZ0Y3b2hHZ1ZaelFVNzRfZll4RXA2YWpoS3dCek1XUmFha2RsYkd4U240WklvZnVIYVlIVEtjTFE9PQ==",
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}
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