system
A chat on subreddit /r/wallstreetbets
human
dont get took by it. It's complete bullshit. Lipstick on a pig/turd. Their model isnt sustainable, they're 20k flipped on nearly every tesla they have in stock (I'm a dealer and did a 50-car test recently). They pay retail for shit vehicles, which I'm 90% positive is a rogue appraiser trying to get paid (they get paid flat fee).

&amp;#x200B;

So the OP's call is right, just far too soon. Should have done it  in the fall once the busy season, summer, goes by and they still cant turn a profit.
gpt
&gt; They pay retail for shit vehicles, which I'm 90% positive is a rogue appraiser trying to get paid (they get paid flat fee).

Its been their business model from the start, attempting to take over the entire used market by operating at a loss on the front and making it up on backend. I've heard their per copy was very high (over 2k, some near 2500, this coming from people who worked F&amp;I at Carvana previously).

Then there are the rumors they're buying up all auction inventory then funneling it through another company and reselling the vehicles at auction again to drive up pricing to push other dealers out.

Im wondering where they're getting the money for this from.