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Matt Cyr's avatar

Great post. I always thought Carvana was a terrible idea. This further validated it (with data and scary info on their qual process) that I didn’t know about.

Disruptor for the used car biz is about like meeting your new “girlfriend” at a casino nightclub. A “disruptor” for an industry that has forever been cliche as being one big grift shop is a double red flag. Add in how capex heavy the model is and it just seemed like a disaster of a concept. I guess we’ll always have WeWork, and Beyond Meat, and Frank 😬

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Harrison's avatar

I like the Carvana short idea - it does remind me of TSLA awhile back though actually. A car company that has an insane unjustified P/E multiple. and we know how bad of an idea it was to short TSLA. I could see CVNA go way up before it goes down.

Gonna short a few shares here at 242 and see what happens. Thanks for sharing - enjoying your writing!

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