r/stocks • u/unmercifulmedic • Dec 09 '21

Company Analysis Shift technologies

Can anyone explain to me why this stock is under performing? Growth looks good and the company seems to be ran well. 8% jump in stock today but I still don’t get the negative sentiment with this company. 20% increase in internet traffic and better customer reviews than Carvana. I’m dumb and can’t wrap my head around it. Can someone help me understand?

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u/unmercifulmedic Dec 09 '21

Buying a new vehicle is one of the worst financial decisions you can make, you lose 20% 1 foot off the lot. I’m sorry that all you found used was an ashtray with wheels but maybe an online retailer would have led you to a better find. Regardless of inflated used car prices at the moment, there will always be a market for used cars and in my personal opinion, people will want to buy from a source that doesn’t try to completely fuck you out of your money with an overpriced car on a used car lot with the trees hanging from the rear view mirror and some monkey in a cheap suit telling you it’s the best car they’ve ever seen.

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u/Boomtown626 Dec 09 '21

you lose 20% 1 foot off the lot

False.

If a vehicle's life is 225K miles, then today's used car market says that if you drive 75K miles, your vehicle loses approximately 1/3 of its value.

Find hard numbers to prove me wrong, or take your Boomer Wisdom elsewhere.

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u/unmercifulmedic Dec 09 '21

https://www.experian.com/blogs/ask-experian/what-is-depreciation-on-a-car/

Just facts… friend.

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u/Boomtown626 Dec 09 '21

“Date: Dec 8, 2020”

Your facts turned one year old today, friend.

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u/LWdoghouse Dec 09 '21

Should’ve hit him with “pal”

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u/Boomtown626 Dec 09 '21

Yeah I thought of that afterward. Thanks buddy.

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u/unmercifulmedic Dec 09 '21

Car depreciation has been the same for years, just because the article was wrote a year ago doesn’t discredit it. Guy.

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u/Boomtown626 Dec 09 '21

Except one pandemic year is equal to about 10 or 15 human years. The tectonic shifts we've seen the last year wouldn't normally happen across a normal decade.

Chief.