$VRM

I hold some $VRM it's in similar business to $CVNA but much better balance sheet, getting no love .... but it's a zero or 5-10 x ..... not one for life savings but a decent lotto

$VRM bought back $200 mill of its debt for $70 mill. Thats the 2nd such purchase ...they bought about about $60 mill last qtr for $18 mill cash. I think that has halved their debt burden

you seem to like them a lot eh lu > @lucullus said: somebody just bought April 1.5 Calls in $VRM 50,000 for $1.7 mill

somebody just bought April 1.5 Calls in $VRM 50,000 for $1.7 mill

not so sure about $CVNA there numbers look terrible. I think I said before CVNA and VRM would be a good pairs trade, and TBH that would have paid massively, $VRM if you broke it up probably pays back shareholders a few times over, cvna is a money pit at the moment, they need to get to work

this $VRM maybe sold as revenue was below and loss was about in line.... but the company has downsized and it's gross profit per vehicle is $4200 versus around $3600 for $CVNA . it's bought back $56 mill of debt for $18 mill, and will have $500 mill cash at year end. It's cash flow was around -20 mill this qtr. So it's setup to survive the next couple years. in theory it could survive 5-6 yrs in cash flow terms. Market cap $100 mill..... turnover $1.2 bill. Once recession is over this could be easily 10 x ..... more likely 20-30 x..... against a possible but probably unlikely zero

ummm $VRM numbers just out, looks a lot better than $CVNA, cash burn down to $25 mill with prob $500 mill in cash at year end, so not likely to go bust anytime soon, priced for liquidation and 21% short. Earnings call tomorrow morning, hard to know in this market but it could rip if it gets going

$vrm 1 calls jan 2025 0.70 @lucullus

$vrm is 1.05

good to get $vrm now ?

hey @navneet you up 50% on your $VRM $1.50's?

RECAP 8/16 Unusual Calls: $FUBO Aug 5 C $TSLA Sep02 980 C $KWEB Nov 40 C $AFRM Aug 38 C $WBD Sep 15 C $TEVA Dec 14 C $BBBY Jan 80 C $BBBY Aug 45 C $BAC Jan 40 C $VRM Sep 3 C $EMB Aug 90 C $SQ Sep 85 C $DB Oct 10 C

$VRM nice bounce off the post result lows

it absolutely is > @lucullus said: that $VRM trade at first glance is incredibly bullish

that $VRM trade at first glance is incredibly bullish

2000 $VRM OCT2022 $3 Ps sold 1.4

2000 $VRM OCT2022 $3 Ps sold 1.4

regards $VRM @Navneet if you were interested i would say now was a better time to buy. The new CEO(installed last qtr) wass COO AND BEFORE THAT TOP OPS GUY AT wALMART. has Moved from GROWTH MODEL TO TRYING TO MAKE A PROFIT so revenue predicted at $2 bill this year as against $3.5 bill 21 but they have $533 mill in cash, no debts to pay back soon and are projecting $500 mill in cash end of 2022 and comapny on even keel. If they can then make 5% profit on turnover well its a $100mill profits... so conservative $1-$2 bill makt cap .... current price $ 240 mill Mkt cap. So that the upside if all goes well. I actually think once opex is out of the way it could rally. Seems to me this guy has a decent plan and it probably $3-$4 company until he either fails or succeeds ....just my thoughts

$vrm dumped

RECAP 8/8 Unusual Calls: $HOOD Aug12 11 C $SONO Jan 22.5 C $GEVO Sep 5 C $VRM Sep 3 C $BBBY Jan 80 C $GOOS Aug12 23 C $NU Aug 5 C $MRK Jan 100 C $PFE Dec 55 C $VRM Sep 4 C $MBI Sep 11 C $AAPL Oct 170 C

@navneet I would leave $VRM well alone, it's super cheap but there are reasons. I have some but my average is way lower so I will let it ride, but I wouldn't be surprised if it was a train wreck, but it could also be gangbusters given its very low valuation ????

what do you suggest for $vrm ?

@dros buy $vrm 500 shares and sell 3c 8/19

$VRM results tonight some outsize action in calls 2.50 Aug and $3 Sep calls

$VRM could get to $5 i reckon.... the memers are on board

$VRM becoming the latest meme stock

RECAP 6/23 Unusual Calls: $DOW Jul 56 C $EXPE Jul01 97.5 C $HOOD Jul08 8 C $HTZ Jul 17.5 C $CHPT Jun24 15.5 C $SNOW Jun24 140 C $FCX Aug 30 C $GPS Jul 9 C $VRM Jul 1.5 C $LOW Jan 250/310 C Spd $SE Jul 90 C $WEBR Jul 12.5 C $FIS Nov 100 C

massive volume in $VRM $1.50 and $2.00 for July opex. This means the Market makers will be buying stock to hedge their delta position....that along with 30% short the stock...means as we get closer to to$2 there wil be a desperate scramble for stock

Short squeeze going on in $VRM...COMPANY VALUED AT ABOUT 1/3 OF CASH and 30% short...feels like its organised

u made 8k on $vrm ? > @lucullus said: sorry 8k came out

WTF IS GOING ON IN THIS $vrm THING....HUGE volume...no news

$VRM joining the $CVNA party

well i dont know the 2nd hand care sales business all that well, they manage to produce huge looses though, but maybe thats a function of growth at all costs and they can do better. But CVNA trades at 0.42 x sales and 7.8 x cash. $VRM sells at 0.06 x sales and 0.17 x cash. Now i dont know wether that industry survives but $VRM has far more upside in my eyes

$VRM almost VWAP test

@DROS yes i did see it on $CVNA. i mean i think you could do a pairs trade in $VRM and $CVNA just because one is selling at about 7 x less in sales terms so if they both go to zero you make out and if VRM manages to resurrect itself it ccould cut the multiple difference

nAVNEET, its haemorrhaging cash like its going out of fashion, i was stupid enough to buy some $VRm 0n some option nonsense a month or so ago, i have a look at the industry since and to be honest it looks dreadful, maybe terminal, $cvna HAS TAKEN A DUMP AND IS SELLING AT ABOUT 0.5 x sales, but a similar but smaller company with a plan to turn business around and $600 mil cash is $VRM selling at 0.06 x sales. That could be wehere CVNA is going or maybe they meet in the middle once the market recovers but much better buys around at the moment IMO

$VRM revving up

if you bought $VRM closed it down, paid off the staff you would walk away with about $5 a share

VRM revenue is so massively underpriced versus CVNA

so you think I should buy VRM?

$CVNA will buy $VRM.... like its obviously speculation...but why are folks buying massive amounts of VRM $5 calls and $CVnA may $240 calls. The stocks are $2.15 and $104 respectively as off today

the reason this makes sense is because $vrm is trading at 1/10 sales and CVNA is trading at 1.6 x sales so 16 x more expensive. Both companies cruising for a bruising if they dont consolidate and adding vrm sales at even 3 x current share price would make CVNA WORTH MUCH MORE...WATCH THIS SPACE AND DONT TELL ME I DIDNT LET YOU IN ON IT 🤓

what follows is utter speculation.... $CVNA and $VRM are both in a similar business, flogging 2nd hand cars etc. CVNA IS WORTH $19BLN and has sales of 12.8 bln ...... VRM HAS SALES OF $3.2bln and a market cap of $300mill..... On the 4th of march a director in CVNA INVESTED $2.6 MILL IN STOCK IN HIS COMPANY....ON THE 4TH 5 TH AND 7TH mARCH a director in VRM bought $450 mill in stock..... i have seen some crazy options being bought in both companies since APRIL AND mAY $5 in VRM and May $240S IN cvna ..... I think CVNA buys VRM for stock

$VRM $2.60 if they closed it tomorrow and sent out a cheque for the cash in the bank to shareholders they would get $8+ each

another of those scenarios we talked about the other day with $VRM ..... loads of OTm calls then one massive deep ITM put 🤔

tHIS $vrm sure looks perky...downgraded this am as well ... so somebody accumulating?

$VRM starting to vroom

$VRM making new highs.... this dead dog might bounce a fair way

that being said vrm probably goes belly up in the next few years

why would someone Buy a put strike $17.5 april expiry on a $3 stock. This is on CF $VRM investment $357K ...i cant work it out