‘Disrupters’ Like Carvana Are Getting Punished. Their Old-School Rivals Are the Real Winners.

[hegemony]

‘Disrupters’ Like Carvana Are Getting Punished. Their Old-School Rivals Are the Real Winners.

[MarvBear]

Carvana is a joke.  I feel sorry for anyone that used them for a transaction.

 

[hegemony]

Carvana stock posts worst day ever as outlook darkens for used vehicle market

[IndyPoolPlayer]

Both Carvana and Vroom are going the way of Dotcoms it seems. Vroom is <$1.00 now. Bye Bye car vending machines.

[Glacier]

Carvana just build a new vending machine in suburban Chicago near me.  Sounds like it will never be operational.  

 

[IndyPoolPlayer]

Sounds like Carvana will need a mention in my Sears thread. Stock down from $240 earlier in 2022 to ~$4 today. Creditors are working with Carvana on a "debt restructuring plan" .... isn't that they usually do right before heading to federal court in Manhattan or Delaware to file the Chapter 11? Probably a debtor-in-possession plan in a chapter 11 so those on the big hook will get something for their efforts.

 

Side note it appears Carvana has cancelled its sports marketing programs for 2023. They had a huge marketing buy plus their racing sponsorship this past 2 years.

[Knight]

if you bought the vRoom stock on August 28, 2020 you would be rich now. 

[MarvBear]

Looks like this vRoom is driving down the same highway as Carvana.  Good luck to anyone choosing this avenue.

Complaints mount as Vroom customers claim they can’t drive cars over title issues | WFLA