@the10thman1: Carvana $CVNA Deep Dive

Written By Alex Barrow

Today’s episode we had a conversation with the anonymous twitter account @the10thman1 about his exceptional Carvana’s bull thesis. We covered everything that an investor needs to know about Carvana, whether it is Carvana’s history, the used car industry, Carvana’s Competitive advantages, what Carvana needs to improve in order to succeed, the bear thesis against Carvana and @the10thman1’s fair value for Carvana.

  • [0:00] Who is @the10thman1?
  • [8:30] Expectation Investing
  • [12:00] From Energy to Carvana ($CVNA )
  • [15:30] CVNA’s History
  • [19:40] The Used Car Industry
  • [26:00] A Better Way to Present Inventory Online
  • [28:00] Exceptional Quality Control
  • [30:00] Test Driving a used card with CVNA
  • [31:30] Seamless, Easy and Fast with CVNA
  • [36:00] CVNA’s Competitive Advantages
  • [36:10] Market Network Effects
  • [40:00] Economies of Scale
  • [44:00] Increasing Retail GPU
  • [55:00] Customer Financing
  • [58:00] Carvana Will Issue Equity
  • [1:00:00] CVNA’s Bear Thesis
  • [1:01:00] Insiders are Selling
  • [1:04:00] Trusting Management with a Rocky Past
  • [1:06:00] Competition
  • [1:08:00] Carvana’s Fair Value
  • [1:15:00] @the10thman1’s watchlist
  • [1:17:00] Closing Questions

If you liked what you heard, PLEASE go follow @the10thman1 on Twitter and subscribe to his website. He writes excellent content that's always worth a read.

Alex Barrow

Founder & MO Team Lead, CIO at Foundation Capital, macro junky, former Intelligence professional at FBI, DIA, and DOD, USMC Scout Sniper turned yogi/meditator.

https://x.com/MacroOps
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