Jan. 21 at 3:48 PM
$KMX a lot of you plebians don't understand this market. I do. KMX does not hold that much subprime loans, they outsource that to other lenders or lay off some risk to credit insurance. Beyond this Carvana was partially founded by a man who has been convicted of fraud decades ago, they lend deep subprime and never seem to have an issue selling off their loans.... Lastly tax season is everything, if Americans have more tax returns you best believe the used car sales will increase for just about every dealer, KMX is the largest used car retailer. Lastly their service margins are increasing, they use to be a loss leader for full synth oil changes that is gone.... So for those of you that want to buy Carvana at
$400+ good luck maybe it will pop higher. Me personally I'm 600 shares deep in the low 40's and I expect this to be 60+ by July 2026
