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TuMaRu

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TuMaRu

Re: insidernews post# 40

Sunday, 05/15/2022 11:03:49 AM

Sunday, May 15, 2022 11:03:49 AM

Post# of 108
Why do you'll think Vroom can successfully turnaround its business? They have an aggregate SG&A spend of 190 million last qtr, and no signs of going down. At this rate they may very well spend the remaining cash pile within a year. What then??

Carvana CVNA is the big daddy that Wall St. is in love with. Their business model is an even worse failure, poised for a quick trip to ch. 11 bankruptcy court.

With VRM, just can't see how they can improve their unit economics when they kept on losing money per transaction, even when used cars sales were hot. Now that prices for used cars are coming down, how will Vroom make money in a high int. rate and high inflation scenario with lower car prices?
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