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97% of car purchases involve online interaction, yet auto e-commerce encompasses just 1% of the $841B auto market today
99% are dissatisfied w/ today's current car buying process
Let's talk about 3 undervalued players that'll compete w/ $CVNA
$VRM $SFT $LOTZ
//THREAD
99% are dissatisfied w/ today's current car buying process
Let's talk about 3 undervalued players that'll compete w/ $CVNA
$VRM $SFT $LOTZ
//THREAD
$VRM
- CEO Paul Hennessey, former CEO of Priceline
- Baillie Gifford raised stake 130% Q/Q
- Analysts expect revenue of $11.6B by 2025, up from $1.35B today
- Projected revenue CAGR of 64% through 2023
- Post-IPO consolidation b/w $30-45 for several months after high of $75
- CEO Paul Hennessey, former CEO of Priceline
- Baillie Gifford raised stake 130% Q/Q
- Analysts expect revenue of $11.6B by 2025, up from $1.35B today
- Projected revenue CAGR of 64% through 2023
- Post-IPO consolidation b/w $30-45 for several months after high of $75
$SFT
- Low valuation at just a $693M market cap
- Average buy consensus from seven analyst ratings at PT $15.50
-Similar contraction pattern to $VRM after hitting highs near $14 on Sept 1
- Big presence on the West coast
- Revenue CAGR of 92% projected through 2023
- Low valuation at just a $693M market cap
- Average buy consensus from seven analyst ratings at PT $15.50
-Similar contraction pattern to $VRM after hitting highs near $14 on Sept 1
- Big presence on the West coast
- Revenue CAGR of 92% projected through 2023
$LOTZ
- Buy/sell/consign used cars
- Leading NPS score, seemingly top-notch customer reviews
- Just expanded to West Coast and opened 2nd FLA locations
- Company sees revenue of $110M booming to $1.7B by 2023, unit sales jumping from 6k to 80k, and profit from $12M to $250M
- Buy/sell/consign used cars
- Leading NPS score, seemingly top-notch customer reviews
- Just expanded to West Coast and opened 2nd FLA locations
- Company sees revenue of $110M booming to $1.7B by 2023, unit sales jumping from 6k to 80k, and profit from $12M to $250M
From a TA perspective-
- These three charts are all looking very similar to $CVNA's early chart
- Initial spike followed by a sharp drop to bounce off of the lower 3rd Bollinger band
- Consolidation, then swinging slightly up before it potentially explodes
- These three charts are all looking very similar to $CVNA's early chart
- Initial spike followed by a sharp drop to bounce off of the lower 3rd Bollinger band
- Consolidation, then swinging slightly up before it potentially explodes
