Is Carvana Broken?!?

[cavemold]

Shares of Carvana have dropped close to 90% this year. While this thread is more focused on what kind of prices they're offering in the used market, the company as a whole has taken a beating because of bad management and service.

A lot issues with them right now

Sponsored

 

[davnau]

Maybe we're from different generations, but how does this equate to a company being "broken"? They still seem to be in operation, so lower values means something different?

HRG

Check the stock history for both Carvana and Vroom. Wall Street thinks they’re toast.

 

[Mavonorder]

Yes it looks like prices are crashing at least for Carvana.

My new offer is now only $28,547. Previous offer was $34,294 so the new one is down $5,747 from that one.

My Carvana offer has now come in lower for the second time.

Current offer on 7/24/2022 is $28,547.

Previous offer(s) were $34,294 on 7/1, $35,646 on 6/17, $34,889 on 5/29, $32,974 on 5/6 and $31,196 on 4/13.

XLT Hybrid + Co-Pilot360, Cabin 120V/400W outlet, Sliding Rear Window, H useard Drop-In Bedliner
In

Yeah... We are in for crazy times within the next 6 months. Who knows where car prices will be with inflation continuing to rise, interest rates falling in the short term only to increase sharply not far down the road and the u.s. dollar about to crash. So many moving pieces.

 

[CSSMAVO]

My offers are down as well, Originally was offered 36K for an XLT FX4 LUX 360, Today my offer was 31,500. The days of flipping with Carvana are over. I will most likely sell my maverick to a small used car dealer.

 

[Maverickblues]

Here I was thinking the market would come down a little ! But it’s just Carvana thing then

It is a Carvana thing but the Mav is still in high demand. Not enough supply and I don't see that changing anytime soon.

Sponsored