Carvana: New Information Reveals that BridgeCrest is the lienholder - CVNA must explain How and How Much
- Gotham City Research LLC
- Feb 18
- 1 min read
We have on-the-record evidence of Carvana stating that Bridgecrest, not itself,
is the lienholder, on cars that Carvana sold.
We have identified 34 new vehicles/VINs that Carvana sold, and where Bridgecrest
is the ultimate lienholder.
Detailed lienholder history records reveal that Bridgecrest, not CVNA, is the most
recent lienholder, of the original 34 vehicles/VINs discussed in our previous report.
CVNA sells cars without title, and issues temporary plates to customers from other states, while awaiting vehicle/title registration. This explains why there are chronic mismatches between the Obligor State field within ABS filings and title record state in Bumper.com or other vehicle history report aggregators like VinAudit.
Carvana sells used cars, initially finances them. and then soon after sells these loans most of the time. CVNA narrowly claims it hasn’t sold loans directly to DriveTime in many years, yet CVNA loans end up in DriveTime/Bridgecrest’s hands. How? Though the exact mechanism remains unexplained, what’s evident is: Carvana’s Gain on Loan Sales are ultimately tied to DriveTime/Bridgecrest. CVNA management should explain how this all works.
For the Full Report:
Our First Carvana Report: https://t.co/OhCijj2EzG
Carvana's hidden Bridgecrest lienholder drama is so convoluted! Reading their financial explanations feels like deciphering ancient texts; I practically need Translate Old English into modern English to make sense of this absolute corporate witchcraft!
Lots of spam posts in the comments. I just want to know if the next drop on CVNA is going to come out before the 1:5 forward split. Especially after yesterday’s earnings full of skeevy dealing
Thank you so much for providing so much information and news about Carvana. This is very new information and is certainly receiving a wordle lot of attention, and this article has helped me understand much more about it.
Gotham City Research diving deep into Carvana and Bridgecrest... sounds like they're unearthing some serious financial questions here! When Gotham City is on the case, you know it's more than just a casual chat about used cars. Popcorn, anyone?
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