Investors are always on the look out for the new and innovative. Although Carvana fell -6% on its IPO debut, it has seen growth up to $71 a share based on the advantages of Carvana. Today, we see a a drop of 60% from the ATH . As more and more dealerships get on board with a money-back guarantee, the advantages of Carvana start falling very fast. Traditional dealerships have shipped vehicles long before Carvana inception. Traditional dealerships still hold the advantage of face-to-face interactions, lenders, interest rates, and accountability. Carvana is just another way to buy, and not the new way to buy a vehicle. With this, expect share price to continue in its downtrend to its IPO price or lower. Morgan Stanley also slashed its outlook for Carvana for another 40% from current prices.
Note
Report: Over 7-Million Americans are Delinquent on Auto-Loans- This news should be an insight into the looming auto-sales plummeting and loan defaults rising significantly. Start investing in Repo companies, as the foreseeable future looks great and busy for them. *Sarcasm
Note
Its official, Carmax and AutoNation now offer the same money-back guarantee, as well as new record amount of auto-loans are now over 90-days delinquent. Expect the beginning decline in auto stocks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.