I scoured the Internet! No such deals sir.

Enron style accounting. Sounds like somebody is going to prison. Probably not, they're billionaires. They never go to jail.

My guess is they feel invincible with Trump taking office...😮😮😮

How is Bridgecrest associated with Carvana? I know a lot of their loans go thru them.

❤ excellent

Hoping to buy a car from you this year. Thank you for all the information you provide!

They just announced that they're opening some kind of facility around Atlanta and hiring 300-500 people. Don't recall what was said exactly on a local radio station a couple of days ago.

Sorry but the prices for trucks are not coming down and people r still getting screwed on tradeins. I have been trying to get a good deal for six months on a new truck but the only thing decreasing is the trade in value! Then you go and look at what used trucks with 3 times the mileage and are older models are being sold for…… what a friggin scam.

Lets look at the big picture and not just the sugar coated low prices. There are still a lot of people in the truck world that are brand loyal, myself included, that wont buy a Ram pickup. I dont care if its 50% off. Its still a big investment, and lets look at the manufacturer, lets look at service after the sale.... If your trading in your vehicle towards one of these, you better make sure its paid off. This will probably move some inventory, but I dont want to buy from a company that brought themselves to this level, plus the fact once this inventory is depleted are repeat customers going to upgrade to new trucks at the regular prices? Im thinking NO. GM and Ford should not drop their pants just because of this. I also dont like the fact that they have changed owners so many times, let alone at how the dealers have been treated along with the consumer. No thanks, Im not buying.

I used to watch these videos and follow CarEdge regularly, but I’ve decided to boycott until the clickbait and exaggerated titles stop-especially the constant use of "Shocked" in every video. I would have been just as interested in content like "Carvana Accounting Grift for the Ages" without the sensationalism. Unfortunately, this approach feels sleazy and no different from the tactics used by dealerships.

They are shorting Carvana. Cool. They should.

manufacturers and dealers will find out the hard way that not making/ordering lower spec models because they make better margins on higher specs, yeah.. consumers, we’ll just not buy anything

Not surprised by the dealer practices “ Lying is their specialty

All due respect guys I went shopping yesterday in South Jersey and these discounts are MIA. What vehicles are you guys talking about?

It's another pump and dump ponzi scheme.

Work van is a dodge. 6,000 miles it broke down. Passive entry service light . I will never buy a stelantis pos made car ever. Oh ram technically they had to change the name because dodge already ruined its name .

Carvana sells some WAY over priced cars and a few are kinda' sketchy mechanically.. I've heard of people selling cars with big issues to carvana

We don’t want no stinkin’ Turbos on under-powered cars, and especially trucks! More emphatically, we really don’t want EVs, which are really stupid! Throw out the crooked politicians along with their Chinese EVs!

if id be stellantis ceo id slash every msrp by 35%-40% then force the dealers to report their full sales price. (copy of contracts) if they go above MSRP they get their dealer licence pulled.(all fees included.) all the other brands should also do the same. if they don't , compannies could very well take the market by just producing bare minimum cars and trucks at very cheap but high reliability prices. (wich all they need for is higher quality control at their production and possibly more automation )

This is the third possible scam that has come to light since the beginning of the year 1) honey and pay pal 2)New York company price fixing rents for 13 million rental units 3) now carvana 2025 is going to be very interesting!

You should have started with... "rated junk" Really, it would have set everything up. I'm a sub. Love your honesty.

SOunds like they are manipulating everything. It is a dressed up ponzi scheme. The SEC ought to investigate this and claw back all the ill gotten gains.

This isn’t new news. Carvana had a bad article written a few years ago. But nobody paid attention.

20:57 Selling stock when the price is high seems pretty logical. What's nefarious about that? Presumably, he also owns enough that he needs to schedule the sales months in advance and register them with the SEC.

Am I glad I got out of Ally! Sketchy bank.

Carvana? The only place you can find a 30-year car loan😂

Just starting the video, but for those who don't know: Hindenburg Research is a financial firm that focuses on short selling (betting that companies stock will go down) so they are not impartial and very much publish targeted research hoping to make money. That's not to say the research is wrong, but that they are publishing this out of their own self-interest and have a mixed record of accuracy. They are trying to make a buck, not do investigative journalism.

the tern"arms lenght" comes to mind in referance to the bundler on the retail loan!

Their CPA auditors are Dewey, Cheatum and Howe

Who in the HELL would buy a car from a vending machine or website sight unseen? It’s so social media age moronism

Sounds like the property collapse of 2008

Nobody should be buying cars from a dealer with that kind of margin... but, alas, it appears to be lies.

That's a shame cause I absolutely love how hassle free my purchase was from them. I bought a 2021 4Runner in 2022 and everything went smooth. I would buy again from them again just so I don't ever have to deal with a stealership again. Oh btw, I used my own credit union for financing

Smells like Enron's trick of burying losses in shell companies to get the debt off the books? Their "accounting" is probably creatively realizing all the financing profit over the course of the loan as soon as the loan is created, also like Enron did?

If I could sell $3 billion of stock in any company, I'd do it today. Probably even less.

Dude, shave that beard. It looks like it's flipping us off

What sucks is when you work hard have good credit and want to treat yourself or need a new car or truck and they cost more than your years salary and I'm not talking about top trim with all the options just a regular truck or in my case a jeep and you see 50k plus and over 40k for a 2 door and can't even afford one. I could agree to 72 or 84 months and pay even more but still have $800 to 1k monthly payments. That's a mortgage payment. These prices have priced out I'm guessing around 75% of Americans. From what I Googled only 18% of Americans make over 6 figure incomes so who's the market that 18%??

They're buying their own debt to improve the balance sheet. Sell out before the SHTF.

I work for an auto parts company. I have seen Carvana cars in shops that people have purchased getting brake jobs and other work.

thank you for covering this situation and giving us your perspective on it.

They could GIVE me one for free....still wouldn't take it. The maintenance alone would bankrupt me.

Our economy has gone from a manufacturing, to a service and now our economy is a financial - debt driven economy. In my opinion.

" Does he have a pulse?" "No" "Hmmm ..." Checks paperwork. "That's OK, having a pulse is optional".

Sounds like Carvana was using "Enron" accounting methods !!!! LOL

alot of parents never taught their kids financial responsability.which is fine for a while.but after generations & preditory credit schemes.many are sitting ducks for the interest shotguns.& underwater in life.

Cannot fathom buying a vehicle, especially a diesel, that's sat on a lot 1, 2 or god forbid, 3 years. Ford's recalling 300k diesels now that sat & have problems from sitting far less time than some of these subject Stellatis vehicles have. ZERO sympathy for any of the manufacturers or their dealers!

carvana

Hopefully, insurance premiums drop because the cost of claims reduce.

Yup. Shady. Everytime family's involved in the business end, they're screwing people over. Think Penske.