Oct. 3 at 1:43 PM
$CVNA Ally Financial historically purchases about 50% of the car loans Carvana originates. Now look at
$ALLY stock (lost 15% in the last 2 weeks) and the fate of Tricolor Auto and First Brands Auto Parts, both going bankrupt.
$KMX $AN
There's a massive problem with subprime auto loans and related. This won't end well...
Also 👇
https://x.com/JG_Nuke/status/1973487116433899650