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BossJayCross
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BossJayCross
@BossJayCross1
F.I.R.E. Minimalist. Geo-Arbitrager. Slowmad. I am NOT an accredited or licensed investor. Any stock I post is opinion/public info., not a recommendation.
Just Passing Thru Katılım Ekim 2017
2.7K Takip Edilen1.3K Takipçiler

@anishmoonka If TESLA can turn out a million FSD robotaxis a year as Elon has said, & keeps the cost per mile under .50 cents then I expect many people will be selling their cars in the next few years.
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Carvana made about $6,800 in profit on every car they sold last quarter. The typical used car dealer makes around $1,500. Carvana makes four times as much because the car is just the start of what they sell you.
About 85 out of every 100 Carvana buyers finance the car through Carvana. At CarMax, their biggest competitor, the same number is closer to 40. When you click "finance" on Carvana's website, they write the loan at one interest rate, then sell that loan to a bank or pension fund within days. They keep the gap between what you pay and what the bank pays them. That gap, multiplied across hundreds of thousands of buyers, is how they print money.
Then come the add-ons. An extended warranty. Coverage that pays off your loan if the car gets totaled. An insurance referral to Root, a digital car insurance company Carvana owns a piece of. Each one stacks on top of the same checkout. The car is the bait. The loan is the meal. Everything else is dessert.
This is why selling them your car at a price that felt too generous still works for them. The money they make on that trade-in shows up later, after the next buyer signs. They clean it up, sell it to someone else, and that someone else signs another Carvana loan.
This is also why they aren't going anywhere. In May 2022 they bought ADESA, a used car auction company, for $2.2 billion. ADESA came with 56 auction yards across the US. Now Carvana owns the auction yard, the body shop that fixes the car up, the trucks that deliver it, and the lender that funds the next buyer. Every step of that car's journey happens inside something Carvana owns.
Three years ago none of this looked like it would survive. Carvana's stock hit $3.55 in December 2022. They had over $5.7 billion in debt. The market thought they were going bankrupt. Then Apollo, a giant private equity firm, led a deal with their lenders that cut $1.2 billion of debt and pushed the deadlines out to 2028.
Last quarter they sold 187,000 cars and made $405 million in profit in 90 days. They joined the S&P 500 in December. Their market cap sits near $84 billion. Bigger than Ford.
The whole business looks confusing if you think of Carvana as a car company. The math gets simple once you see them as a lender that happens to deliver cars.
Jack Wilkie@jackrwilkie
Sold a car to Carvana today and I have no idea how they stay in business. Inexplicable.
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BossJayCross retweetledi

@greta I had to dig but here is an original photo of a relative of mine who served in the US Navy at Pearl Harbor.
My Uncle Bernardo.
A legal immigrant to America who chose to serve.
He survived but so many did not.
Hero.
Patriot.
Some gave all.
All gave some. 🫡
RIP

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@chefsevenn The last time I ate at McDonalds was 1974.
I lost 43lbs as a fat kid just by stopping sodas, fast food, candy and ice cream.
It’s easy to lose body fat.
Just quit eating crap.
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@tanpukunokami I’m old enough to remember the Edo period, where these types of problems were easily and quickly handled.
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To my Muslim friends,
I hear some of you want to live in Japan.
Let me be honest with you.
More than half of our ramen shops use pork broth.
Even convenience-store rice balls often contain pork extract.
Summer brings shrine festivals, autumn brings rituals,
New Year means a visit to a shrine.
When someone dies, we cremate them.
And refusing a drink?
That’s not really part of our culture
— here, people pour one for you.
This isn’t hostility.
It’s just 1,500 years of daily life.
And we have no plans to change it.
Before you come to a place
that doesn’t fit you,
please — think it through carefully.
For your sake, and ours.
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@RetroCoast As a teen in the 70s we used to laugh at this panty wagon.
A poser-mobile is what it was back then.
Now it’s retro wanna-have.
I’d rather have the VW bus.
That was the flex back then.
Leftover 60s cool. 😎
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@JoeyMannarino You’re right, but it is a really big world🌎
To be fair I wouldn’t visit 99% of the USA either.
Which is why I always advise to go where you are treated best, with whomever treats you best, or find new people.
Life is too short to be upset at what life isn’t.
Enjoy what is.
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Imagine being 65 right now in this world and waited to travel.
You saved your whole life and did things the right way and now you can finally start to travel after retirement.
And where the hell can you travel to?
Europe is a rape-filled Islamic shithole.
All the great cities you wanted to visit look like Pakistan.
What a scam. Who wants to see a bunch of Moslem inbreds?
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In 2020 I was offered a Shell job on Sakhalin Island, Russia - the highest salary I’ve ever been offered, even to this day.
I turned it down because it felt way too isolated. People describe it as a remote, harsh place: long dark winters, limited flights out, and a small expat bubble in Yuzhno-Sakhalinsk. Beautiful nature (whales, hiking, volcanoes) but many call the city boring and note the heavy isolation can lead to loneliness and depression for some foreigners. I think my gut was right on that one.
How much per year would you work here for? I will screenshot and post my salary offer in the comments later.




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@Geniustechw Ann Margret.
No she isn’t in this video but she is the most attractive woman I can think of to get my mind off the horrible cretins in this video…
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@WorkElizab Oldsmobile.
Many great cars.
Pontiac
Chrysler
My personal favorite.
But so many others….
Morris Minor 🇬🇧
Nash
Duesenberg
Tucker
Stutz
Most are great cars of Americana…
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@StealthQE4 As a formerly uniformed guy who knows, I wouldn’t lift a finger in this situation.
I’d stand by and watch and take a few pictures.
I’d save on my dry cleaning bill, and also on any repairs to my uniform.
Then I’d grab a broom and a few sponges…
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