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VisualMod t1_j9kn5s4 wrote

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acenightcreeper t1_j9kpqn0 wrote

Illinois loves to ban items that are legal to own in other states

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DYTTIGAF t1_j9ktwdx wrote

Carvana has not been providing customers with vehicle titles in a timely manner plus a whole host of delivery and return problems.

This is simply a "pile on" by the established dealer's in the State (to use any tool necessary to push them out and now have the ears of the politicians).

This is a huge market. It's a small world. Texas could be next and that would be a kill shot for the company.

Make you money on the short side and never look back. Today 50% of the stock is shorted and that's to much weight to fight the gravity of bankruptcy. Carvana's billion dollar debt load demands a filing very soon.

Carvana is finished.

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Bryguy3k t1_j9l43sl wrote

Replying to DYTTIGAF (#1,922,981)

Overpaying for inventory wasn’t a problem when used car prices were going up 10% a month during the pandemic but now that they’re falling month over month they’re looking at awful write downs in their future.

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Iloveyourmomtoo t1_j9lb66u wrote

So I hear puts ?

Edit after seeing 350 IV : I don’t know if it’s worth playing options

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Observ1 t1_j9o7z03 wrote

Illinois bans Carvana every other day for the benefit of the sleazy car dealerships then they changed their mind. Truly the northern state of Mississippi.

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