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I don't haven't been following CarMax, but CarLotz was another new entrant to the field that went public via an SPAC IPO in 2020 at a value of $1.9B that now ha
by dwater 4y ago
I don't haven't been following CarMax, but CarLotz was another new entrant to the field that went public via an SPAC IPO in 2020 at a value of $1.9B that now has a market cap of around $24M. They are also trying to merge with Shift, which is in a similar state.
- dylan604 4y agoNoticing a trend in these "disruptors" in that they can't survive. I'm really not sure how CarMax and these other vendors are even being considered in the same category.