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Sunday, 05/15/2022 10:17:45 PM

Sunday, May 15, 2022 10:17:45 PM

Post# of 105
I particularly like how this new CEO (promoted from COO) was quick to admit the shortcomings and understood what wall street is expecting more than ever. He says he's committed to do the work so investors just need to give it time. Nothing is instant and only the naive would think this is a quick-turnaround story. They've got a solid business model and revenue continues to grow YOY. If they can shore-up what were missteps of the past learning experience and align themselves with a renewed vision and results-based oversight by infusing management with successful tools that assist in executing the soon-to-be-formed mission (yet TBD by the new CEO), this company will regain the foothold they've currently lost. The biggest competitor is Carvana and they're in the same boat. So they've got to focus on both form and function collectively while implementing the correct measurables/metrics for success. I happen to like this ridiculously low stock price. Time and only time will tell how these implementations pay off. I happen to like the odds. Covid and vehicle shortages (semiconductor shortages) made for an extra layer of difficulty (by squeezing those margins thinner to remain competitive) in a fairly new buying experience. Hopefully this subsides soon as margins should increase post Covid. This new credit arm will add tremendous value to margins as well. I think buying online has a place in the modern world. $3 Billion in revenues tells us that! I also think it'll greatly expand well into the future. All just my opinion and certainly not investment advice.
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