PERSON DIRECTORY
Cliff Sosin
Cliff Sosin appears in 2 indexed conversations across Invest Like the Best, Yet Another Value Podcast. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
Cliff Sosin from CAS on Carvana and a bunch of other stuff $CVNA
Carvana’s differentiated setup combines a huge addressable market, margins above 2.5-3 times the industry’s, and greater capital strength to trade price for volume.Nearly $2,000 financing profit per vehicle reflects vertical integration and roughly two-thirds prime loans, but the differentiated portion remains uncertain as 2022’s collapse, weekly data noise, and a possible 30% used-car contraction test the thesis.
Cliff Sosin - Investing in Carvana - [Invest Like the Best, EP.421]
Patrick O'ShaughnessyCliff Sosin
Carvana’s moat is an integrated system spanning acquisition, logistics, reconditioning, software, lending, registration and trust, built over more than 10 years and roughly $10 billion rather than through online retail alone.EBITDA margins around 10.5% and rising toward management’s stated 13%-14% range compare with roughly 4.5% for the average dealership, but the 99% collapse exposed the continuing risks of immature operations, leverage, demand pull-forward and irrational auto-loan pricing.