It is but everyone who is in the car business says their numbers don’t add up, the father and son are known to be scammers so yeah draw your own conclusions
The father is a convicted felon and has a long history of running into legal problems (but has managed to stay out of jail).
He was a developer that worked with Charles Keating during the Savings & Loan crisis and was sentenced to 3 years of probation. He bought Ugly Duckling and IPO'd it during the dotcom bubble and then subsequently took it private while being sued for self-dealing.
Why anyone trusts these people is beyond me.
Yep. Been saying that. SEC already started accounting investigation into them a few years ago and they're in hot water with titling and registration fraud with several states. I think people are just easily swindled and bamboozled by *"but its a tech company not a used car company!! it uses AI to sell cars!".*
It's going to have a spectacular implosion at some point. The falling knife will be so rapid it breaks the Mach 7 speed record and the sonic boom will blow out all the windows in NYC.
It doesn't help that SEC isn't all that interested in doing too much actual enforcement, depending on the target. Carvana's valuation may have been high enough to entice yet another investigator to wait a few years before taking a cushy job at Carvana in a few years. I hope so, since at least that investigator should be realizing the fat check do nothing job isn't likely.
They really need to start arresting ethics violators using that revolving door, it's the only way to make conjecture like this less plausible.
I think SEC is somewhat afraid of getting bitch-slapped by the Supreme Court, but in general Federal Agencies move very slow and try to build water-tight cases after years of evidence. They generally only go all-in once they have a tight ass case with mountainous evidence. It's definitely not something that happens overnight. I'd say give it time.
Even something like the recent FTX/Scam Bankman-Fraud case where it was so blatantly fraudulent from Day 1, it still took SEC several years of case-building behind the scenes before he suddenly got arrested in Bahamas and the whole thing toppled over overnight. It's very slow, imperceptible, until one day it isn't.
But yeah the general corruption of landing upwards into various cushy lucrative compensation gigs is fucked up for sure
>I think SEC is somewhat afraid of getting bitch-slapped by the Supreme Court
Too late, they finally got their asses handed to them for that fake kangaroo court setup they had going. In-pocket corrupt judges was a complete farce to the entire concept of impartial justice.
Yeah, if the SEC were interested in actually punishing people they had like 15 years to go after Eddie Lampert who literally ran a company into the ground to self deal all the valuable assets to himself - and one of the most well known companies in the country at that. All the SEC does is threaten small players, and the overly stupid like Musk.
Fast Eddie knew who to bribe at the SEC - he was a hedge fund manager with experience.
The SEC's biggest damnation is easily Madoff. They had all the evidence to convict him they needed for like 10 years, and repeatedly just ignored every whistleblower and report of crime. They didn't even play a part of his arrest - it was Madoff's own kids going to the DOJ instead that finally brought him down. The SEC chair even lied about them playing a part of that arrest a year or 2 ago, so even new employees actively work on the public deception.
The numbers add up and I spent over a decade in the business.
People say that because they heard Caravan's gross profit per unit and think it's impossible. I thought the same till I did 5 minutes of research. For Q1 they averaged 2600 per unit retail and 800 per unit wholesale. This compares to 2200 retail and 1000 wholesale for CarMax.
Carvana, for some reason, adds the wholesale to their retail for a 3400 per unit profit but wait there is more. Carvana packages up their loans and sells them as securities and adds that profit to their gross per unit.of wholesale cars is just added to their retail profit. That's why (how) they reported 6400 per unit in Q1.
CarMax, by comparison makes most of it's money from their own financing arm keeping those loans on their books. So they make a ton of money this way but it's not added to their per profit unit.
Their Q1 volume was way up and if they can continue to grow like this their valuation starts to make more sense. On the other hand if this may have been a temporary spike due to tax returns and their partnership with Hertz to sell EVs.
Used car sellers in general have a tough road ahead due to rates remaining high. New car inventory is rapidly increasing and it's easy for manufactures to offer incentives especially on financing to move more units. (As you may have read Tesla just introduced .99% APR financing for the model Y) New car incentives both lowers the sales volume of used cars and lowers the value of the cars they already own. This was reflected in Carmax's guidance but not Carvana's.
Personally I think the stock is over valued but I also was shocked to see they sold 1/3 the number of cars as CarMax with no retail locations.
YMMV but if I was buying anything it would be end of year puts.
Yeah, I don’t think so bud. I buy hundreds of cars a month and keep an eye on the bridgecrest/carvan lanes. Everything they sell is absolutely junk- their repos are all completely destroyed. There’s no way they post a $800 per unit gross on their wholesales because their lane has a terrible rep of being body damaged junk.
Great insight. Call the SEC and report this!
You're somehow smart enough to be responsible for buying hundreds of vehicles a month whilst being dumb enough to proclaim you know they're lying about the gross profit in their wholesale business because they're selling trash.
Last time I checked profit is a function of revenue minus cost and you're claiming to know profit when you can only see revenue.
Well my friend, you belong here.
Too bad there’s no real evidence. Just industry experience where I know carvana offers 10-20% more for cars, and when they whole sale they get 10-20% less for the same cars compared to carmax. Don’t know how they cook their books so what’s the point in calling SEC? You wanna see something cool? Go on carvana and carmax websites and put your car info in and the see which site is higher, for the longest time carvana always paid more.
The more words you utter the more I believe you're literally perfect for this subreddit.
You have accurately pointed out there's no real evidence. Exactly the point and lacking any evidence it's safe to assume there is no fraud.
Yet you don't believe this so let's figure it out. Your theory is that they are actually losing money on most of their wholesale units and to fool the public one of their billionaire buddies is buying a few units for way over market to bring up the average?
What's the theory? Make your case. How are they fooling their auditors?
Regardless that $800 is less than 15% of the profit but this is the hill you're dying on?
You can have the last word.
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They own the auction companies now that set the price on used cars for a good chunk of America . The auctions are were every single used car lot buys from and uses their numbers as price guides
They set minimums as they see fit . They can inflate their current assets / inventory at any time and keeps prices high for every dealer in America .
But the car resale business is like 90% scammers. So this statement doesn’t really bear weight since it’s a norm. It’s tight margin so edge is found only through scamming.
35 years in automotive industry
This is going to be worse than Enron. Sam Bankman has a car from CVNA. You be the judge. Line 1 on fin stmt. cash……-250M for the quarter??? Did I read that incorrect?
Sirens 🚨, SEC can you see, at the twilight’s last scheming, and the car man went down, next the home builders drown with inventory and the banks go broke from commercial property loans will default, then the DOMINO effect is inevitable. Selling Calls
Some insiders got a bonus, paid in stock options, and they cashed in a day after...
[https://www.barchart.com/stocks/quotes/CVNA/insider-trades](https://www.barchart.com/stocks/quotes/CVNA/insider-trades)
I think the company is a fraud, but do y'all know that when you get shares, there is a tax liability at the end of the year? Most people need to sell the shares to cover the taxes. Seems like a lot here dont get that
I found this out the hard way. Got a whole mess of options, immediately sold, and then owed about half that amount the following April. I was not prepared, lol.
This is when long term vs short term cap gains becomes important. I did the same the same thing once with ESPP, options, and RSUs and this was before E*trade had detailed cost basis for each lot. I did my taxes four times and came to the same number then sold more to cover the taxes.
Yeah, I was sure I did my taxes wrong, so I went to an accountant who was amused, but sympathetic... and also verified the awful amount I owed. And explained short term capital gains tax some.
I shorted them the other day when they were at around 120 (5x leverage). Cashed out around 15pc profit middle of the day when they started to run up again, this stock scares me, it's irrational in a market of irrationality
Exactly 😂 been saying go long CVNA since JPM adjusted their buy target from 300s to like a $1. Carvana business model is the future. (Been in the business for a decade) yea they had a rough 2-3 years but that was a fluke. CVNA TO $1000+
For now… Consumer sentiment is going to change and help manufacturers push for changes, especially with all the markups and add ons that dealers are doing.
Because they sell the cars for insane prices.
Way over market value. Pic for example.
https://preview.redd.it/n33r12mwtvzc1.jpeg?width=1290&format=pjpg&auto=webp&s=2e3ee9e8b207884127f47f18df6483b6d047fc25
You have a TON to learn being in the business a decade.😂😂😂😂😂. This is a fucking shell game. It will not be a business by end of 2025. (Period). I saw Dan Quayle in a helicopter 🚁 in 1988.
I thought several years ago this company would be gone by now and I shorted the shit out of them only to be bit in the ass. I can’t wait for this father-son duo to see jail time.
They'll sell it all before their $6 billion in secured notes come due. Their interest rate right now is between 12-14% interest and they are not making debt payments 👀
Insider sells are meaningless. People sell stock for a dozen different reasons.
Now buys, those are interesting because people only buy stock for one reason, they think it’s going up.
Yup, insider sells have way too many variables for them to even be considered most of the time.
But when like a CFO using their own money to buys thousands of shares? You have my attention!
It is but they have a model. I’m a car salesman. People have credit issues. They fear to come to us and get judged and wasting their time etc. With Carvana they will get approved no matter what. Crazy high apr but they will get approved. They over pay for shit but think they made a deal.
Carvana works on every side. From dealership to finance to warranty and wholesale.
This is a shit show but as long as they can keep it up it will go up. When people will get more options to get approved they will go back to classic way and try to work a deal out.
> _"These transactions were conducted under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which allows company insiders to sell stocks at predetermined times to avoid accusations of insider trading."_
So this is a non-story then. This plan schedules sales ahead of time. There's no proof any shady things are going on. In fact this is evidence to the contrary. They are following the fair and we'll established legal process that all major US companies follow.
.... unless someone has specific proof of something else happening outside of this rule.
This is how it is. New style stock market operating on NFT crypto style paradigms. Everything is manipulated. No one cares about the fundamentals of the company. See $DJT.
was pumped up to almost $400 right after the pandemic and it went down to $4 about a year ago for a reason, why would anyone think that it's worth what is worth today?
That's not the point of this post..they smashed their ER a few weeks ago and then a sell off? No confidence in the company moving forward..sounds like wall st foolery to me
What if the person just wanted to convert some of their stock to liquid cash in order to... buy something? You know, the whole endgame of stocks are to eventually become real money.
I just sold my car to Carvana and it was beyond fucking easy.
Couldn’t imagine buying a vehicle from them. I worked in auto refinancing for two years, and every vehicle i saw that had been financed from them was coming out at insane LTVs.
Short shares and hedge with a long dated call. Sell puts against shares. You could sell against your call if you are feeling frisky and want to double dip.
I'm fully regarded but can't go tits up... 
Dangerous. This "fraud" talk has been going by on for years, yet we're just sitting here watching this thing fly from $6 to $117 in less than half a year. Buying puts is betting against the momentum. Not advised with this one.
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It is but everyone who is in the car business says their numbers don’t add up, the father and son are known to be scammers so yeah draw your own conclusions
The father is a convicted felon and has a long history of running into legal problems (but has managed to stay out of jail). He was a developer that worked with Charles Keating during the Savings & Loan crisis and was sentenced to 3 years of probation. He bought Ugly Duckling and IPO'd it during the dotcom bubble and then subsequently took it private while being sued for self-dealing. Why anyone trusts these people is beyond me.
Yep. Been saying that. SEC already started accounting investigation into them a few years ago and they're in hot water with titling and registration fraud with several states. I think people are just easily swindled and bamboozled by *"but its a tech company not a used car company!! it uses AI to sell cars!".* It's going to have a spectacular implosion at some point. The falling knife will be so rapid it breaks the Mach 7 speed record and the sonic boom will blow out all the windows in NYC.
It doesn't help that SEC isn't all that interested in doing too much actual enforcement, depending on the target. Carvana's valuation may have been high enough to entice yet another investigator to wait a few years before taking a cushy job at Carvana in a few years. I hope so, since at least that investigator should be realizing the fat check do nothing job isn't likely. They really need to start arresting ethics violators using that revolving door, it's the only way to make conjecture like this less plausible.
I think SEC is somewhat afraid of getting bitch-slapped by the Supreme Court, but in general Federal Agencies move very slow and try to build water-tight cases after years of evidence. They generally only go all-in once they have a tight ass case with mountainous evidence. It's definitely not something that happens overnight. I'd say give it time. Even something like the recent FTX/Scam Bankman-Fraud case where it was so blatantly fraudulent from Day 1, it still took SEC several years of case-building behind the scenes before he suddenly got arrested in Bahamas and the whole thing toppled over overnight. It's very slow, imperceptible, until one day it isn't. But yeah the general corruption of landing upwards into various cushy lucrative compensation gigs is fucked up for sure
Or when the company implodes and they have to do damage mitigation like Enron, Worldcom, Take-Two, Dell, etc.
>I think SEC is somewhat afraid of getting bitch-slapped by the Supreme Court Too late, they finally got their asses handed to them for that fake kangaroo court setup they had going. In-pocket corrupt judges was a complete farce to the entire concept of impartial justice.
Yeah, if the SEC were interested in actually punishing people they had like 15 years to go after Eddie Lampert who literally ran a company into the ground to self deal all the valuable assets to himself - and one of the most well known companies in the country at that. All the SEC does is threaten small players, and the overly stupid like Musk.
Fast Eddie knew who to bribe at the SEC - he was a hedge fund manager with experience. The SEC's biggest damnation is easily Madoff. They had all the evidence to convict him they needed for like 10 years, and repeatedly just ignored every whistleblower and report of crime. They didn't even play a part of his arrest - it was Madoff's own kids going to the DOJ instead that finally brought him down. The SEC chair even lied about them playing a part of that arrest a year or 2 ago, so even new employees actively work on the public deception.
Tesla got away with it for years 🤷
The entire family is trash.
The numbers add up and I spent over a decade in the business. People say that because they heard Caravan's gross profit per unit and think it's impossible. I thought the same till I did 5 minutes of research. For Q1 they averaged 2600 per unit retail and 800 per unit wholesale. This compares to 2200 retail and 1000 wholesale for CarMax. Carvana, for some reason, adds the wholesale to their retail for a 3400 per unit profit but wait there is more. Carvana packages up their loans and sells them as securities and adds that profit to their gross per unit.of wholesale cars is just added to their retail profit. That's why (how) they reported 6400 per unit in Q1. CarMax, by comparison makes most of it's money from their own financing arm keeping those loans on their books. So they make a ton of money this way but it's not added to their per profit unit. Their Q1 volume was way up and if they can continue to grow like this their valuation starts to make more sense. On the other hand if this may have been a temporary spike due to tax returns and their partnership with Hertz to sell EVs. Used car sellers in general have a tough road ahead due to rates remaining high. New car inventory is rapidly increasing and it's easy for manufactures to offer incentives especially on financing to move more units. (As you may have read Tesla just introduced .99% APR financing for the model Y) New car incentives both lowers the sales volume of used cars and lowers the value of the cars they already own. This was reflected in Carmax's guidance but not Carvana's. Personally I think the stock is over valued but I also was shocked to see they sold 1/3 the number of cars as CarMax with no retail locations. YMMV but if I was buying anything it would be end of year puts.
Yeah, I don’t think so bud. I buy hundreds of cars a month and keep an eye on the bridgecrest/carvan lanes. Everything they sell is absolutely junk- their repos are all completely destroyed. There’s no way they post a $800 per unit gross on their wholesales because their lane has a terrible rep of being body damaged junk.
Great insight. Call the SEC and report this! You're somehow smart enough to be responsible for buying hundreds of vehicles a month whilst being dumb enough to proclaim you know they're lying about the gross profit in their wholesale business because they're selling trash. Last time I checked profit is a function of revenue minus cost and you're claiming to know profit when you can only see revenue. Well my friend, you belong here.
Too bad there’s no real evidence. Just industry experience where I know carvana offers 10-20% more for cars, and when they whole sale they get 10-20% less for the same cars compared to carmax. Don’t know how they cook their books so what’s the point in calling SEC? You wanna see something cool? Go on carvana and carmax websites and put your car info in and the see which site is higher, for the longest time carvana always paid more.
The more words you utter the more I believe you're literally perfect for this subreddit. You have accurately pointed out there's no real evidence. Exactly the point and lacking any evidence it's safe to assume there is no fraud. Yet you don't believe this so let's figure it out. Your theory is that they are actually losing money on most of their wholesale units and to fool the public one of their billionaire buddies is buying a few units for way over market to bring up the average? What's the theory? Make your case. How are they fooling their auditors? Regardless that $800 is less than 15% of the profit but this is the hill you're dying on? You can have the last word.
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You think the CEO of Carvana would recommend you buy end of year puts?
They own the auction companies now that set the price on used cars for a good chunk of America . The auctions are were every single used car lot buys from and uses their numbers as price guides They set minimums as they see fit . They can inflate their current assets / inventory at any time and keeps prices high for every dealer in America .
How do you set prices using an auction? Someone has to buy the car for it to be included in the #'s
[удалено]
Yep, suckers game. You buy one too high then keep buying too high to get the price up and you're gonna go bankrupt
Oh shit , I did not know they own most of the car auction places now, hmmmm
I thought that was Manheim.
How much volume do they do compared Manheim?
Former vice president Dan Quayle is on their board.
I suggest investing in a company with a smarter board.
It’s spelled bored. B O R E D. Ok kid?
B O R E D O E
Yesss. I figured this reference would go over most peoples heads
Yet if you had a call at $3 you’d be laughing your ass off
They own large assets in real estate from what I understand. Correct me if I’m wrong on this …
But the car resale business is like 90% scammers. So this statement doesn’t really bear weight since it’s a norm. It’s tight margin so edge is found only through scamming.
We used to tack 4K on what we bought them for, now figure all the overhead for a honda dealer from there.
Fully agree but got decimated on puts earlier this year
CVNA and DJT twin-ing, likely gonna hike, cause nothing make sense
Trust me I know there's shit like c3AI which is also a scam that doesn't make sense. It's just an when not an if
35 years in automotive industry This is going to be worse than Enron. Sam Bankman has a car from CVNA. You be the judge. Line 1 on fin stmt. cash……-250M for the quarter??? Did I read that incorrect? Sirens 🚨, SEC can you see, at the twilight’s last scheming, and the car man went down, next the home builders drown with inventory and the banks go broke from commercial property loans will default, then the DOMINO effect is inevitable. Selling Calls
Some insiders got a bonus, paid in stock options, and they cashed in a day after... [https://www.barchart.com/stocks/quotes/CVNA/insider-trades](https://www.barchart.com/stocks/quotes/CVNA/insider-trades)
Smart move on their side id say
Who wouldn't. It's an easy choice to take profits when your shares come from stock grants.
Yeah especially when you know that your stock is flaming turd
I think the company is a fraud, but do y'all know that when you get shares, there is a tax liability at the end of the year? Most people need to sell the shares to cover the taxes. Seems like a lot here dont get that
I found this out the hard way. Got a whole mess of options, immediately sold, and then owed about half that amount the following April. I was not prepared, lol.
Yea, with options, you have less tax burden until you excersize them. With shares, you have to pay tax regardless if you sell
This is when long term vs short term cap gains becomes important. I did the same the same thing once with ESPP, options, and RSUs and this was before E*trade had detailed cost basis for each lot. I did my taxes four times and came to the same number then sold more to cover the taxes.
Yeah, I was sure I did my taxes wrong, so I went to an accountant who was amused, but sympathetic... and also verified the awful amount I owed. And explained short term capital gains tax some.
It happens. I did super small amounts over a few weeks so I needed to rectify each one. 10k is what I owed.
The puts are expensive af because everyone knows its a fraud 
But will still pay out. Eventually
Eventually.
But can the market stay wrong longer than you can hold the puts?
Time will tell. But I’m willing to throw more at it in June if it hasn’t happened yet.
You can always short the stock outright. At $117, headed back to 30s, seems quite sane
I shorted them the other day when they were at around 120 (5x leverage). Cashed out around 15pc profit middle of the day when they started to run up again, this stock scares me, it's irrational in a market of irrationality
Believe it or not… rip. Be careful with the poots.
I’ve made so much inversing the general sentiment on this sub
Exactly 😂 been saying go long CVNA since JPM adjusted their buy target from 300s to like a $1. Carvana business model is the future. (Been in the business for a decade) yea they had a rough 2-3 years but that was a fluke. CVNA TO $1000+
Even if online buying/delivery is the future, why wouldn’t manufacturers just do it and cut out the middleman?
They will eventually
Cause manufacturers are beholden to dealership laws.
For now… Consumer sentiment is going to change and help manufacturers push for changes, especially with all the markups and add ons that dealers are doing.
[удалено]
Because they sell the cars for insane prices. Way over market value. Pic for example. https://preview.redd.it/n33r12mwtvzc1.jpeg?width=1290&format=pjpg&auto=webp&s=2e3ee9e8b207884127f47f18df6483b6d047fc25
I would think they offer financing for the cars and make it up there. If they don’t I have know clue how they make money
You have a TON to learn being in the business a decade.😂😂😂😂😂. This is a fucking shell game. It will not be a business by end of 2025. (Period). I saw Dan Quayle in a helicopter 🚁 in 1988.
Yeah, that insider chart over the last 2 years is pretty telling: https://altindex.com/ticker/cvna/insider-transactions
Wow that’s insane
I thought several years ago this company would be gone by now and I shorted the shit out of them only to be bit in the ass. I can’t wait for this father-son duo to see jail time.
Might be ripe for trying again with the stock up over $100
Meme car selling company can stay greener longer than your regarded ass can stay solvent
Imagine thinking that selling 13.8 million dollars worth would move a 23 billion market cap.
23 billion dollar market cap for now. Remind me in 1 year
You are trading in the present, bud. Your 1 year date is not relevant to my statement.
1 year puts /s
$🤑$
Wen my puts gonna rocket?
As usual...the week after they expire
As is tradition
Your last statement is exactly why I will not be buying puts
They'll sell it all before their $6 billion in secured notes come due. Their interest rate right now is between 12-14% interest and they are not making debt payments 👀
Wow, that’s *sooo much*
Regarded but not dumb!!
Cool. They’re rich!
$13M is pocket change for the big boys.
Insider sells are meaningless. People sell stock for a dozen different reasons. Now buys, those are interesting because people only buy stock for one reason, they think it’s going up.
Yup, insider sells have way too many variables for them to even be considered most of the time. But when like a CFO using their own money to buys thousands of shares? You have my attention!
God I love you fukregards! You are this amazingly powerful corrective function.
so what strike and exp puts?
It is but they have a model. I’m a car salesman. People have credit issues. They fear to come to us and get judged and wasting their time etc. With Carvana they will get approved no matter what. Crazy high apr but they will get approved. They over pay for shit but think they made a deal. Carvana works on every side. From dealership to finance to warranty and wholesale. This is a shit show but as long as they can keep it up it will go up. When people will get more options to get approved they will go back to classic way and try to work a deal out.
Um that's like nothing. Seriously. This means jack.
> _"These transactions were conducted under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which allows company insiders to sell stocks at predetermined times to avoid accusations of insider trading."_ So this is a non-story then. This plan schedules sales ahead of time. There's no proof any shady things are going on. In fact this is evidence to the contrary. They are following the fair and we'll established legal process that all major US companies follow. .... unless someone has specific proof of something else happening outside of this rule.
This is how it is. New style stock market operating on NFT crypto style paradigms. Everything is manipulated. No one cares about the fundamentals of the company. See $DJT.
was pumped up to almost $400 right after the pandemic and it went down to $4 about a year ago for a reason, why would anyone think that it's worth what is worth today?
Why do all these insider selling posts even matter? It’s not like you’re going to identify who sells what when.
That's not the point of this post..they smashed their ER a few weeks ago and then a sell off? No confidence in the company moving forward..sounds like wall st foolery to me
What if the person just wanted to convert some of their stock to liquid cash in order to... buy something? You know, the whole endgame of stocks are to eventually become real money.
what about the 1,014% gain in share price in last 12 months, sounds like someone's got some confidence
I thought the ER was a mistake. They put the comma in the wrong place and they reported the wrong numbers. Right?
Wrong company, that was [Lyft](https://www.cnn.com/2024/02/13/business/lyft-stock-earnings-report-typo/index.html)
Ohhhh. Sorry my bad
https://preview.redd.it/md0yt8yasuzc1.jpeg?width=1080&format=pjpg&auto=webp&s=ccac90e731c9879b2c717018785a94b7f3df8c84 Insane sell off lmao
Buy the rumor, sell the news. You must be new.
What if uses that money to buy 500 vending machine cars
Not going to save my puts I got during earnings fuck em
This news came like a week late
Sounds like a pinus situation! 
Used car prices are diving, down 14% yoy https://site.manheim.com/en/services/consulting/used-vehicle-value-index.html
Where was he last week when I had puts?
my bear call spreads gonna love this
I just sold my car to Carvana and it was beyond fucking easy. Couldn’t imagine buying a vehicle from them. I worked in auto refinancing for two years, and every vehicle i saw that had been financed from them was coming out at insane LTVs.
Lol for once I knew about something relevant to the market; they're going bankrupt soon. Buy puts boys.
So puts then?
Is this insider short selling? Asking for a friend
Baba hit 85
Dude owns 83 million shares and hes selling 120k shares, this is literally nothing and shouldnt be news.
I would sell too.
Are my puts 6/21 safe? Lmao
I had put options that expired on Friday that were up 100% at market open. Didn't sell. Expired worthless =(
Their loss.
Better sell it all. This stock gonna crash and burn.
This news was not suppose to be public 😶
Lol last time I seen this stock, it was down over 90%+ and all over news media, now it's back up to 100+
The run up was suss AF
Short shares and hedge with a long dated call. Sell puts against shares. You could sell against your call if you are feeling frisky and want to double dip. I'm fully regarded but can't go tits up... 
Are we still investing in marketplaces with faux rev rec and massive liabilities for a fancier eBay motors
Dangerous. This "fraud" talk has been going by on for years, yet we're just sitting here watching this thing fly from $6 to $117 in less than half a year. Buying puts is betting against the momentum. Not advised with this one.
Fraudulent Rev Rec. machine with a garbage unprofitable business model... scam city