Jul. 10 at 4:33 AM
$CVNA kind of interesting to see Carvana sitting on an inventory of 45k cars at the moment, while this time last year they were sitting on 30k cars…
To make up for the 50% YoY increased inventory (and not sit on dead inventory), they would have to have 50% YoY increased sales — which means apx
$5BN in Q2 revenue, but estimates anticipate
$4.6Bn
Will they beat estimates by 10% even though dealers across the nation are sounding alarms — meanwhile auto loan delinquencies are at decade highs + subprime at 25 year highs…
¯\_(ツ)_/¯
$CARS $AN $KMX $SPY
