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.
Komen:
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
- 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