Carvana’s Bet on Debt Restructuring

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 19 July 2023

⏱️ 27 minutes

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Summary

Carvana is selling “the good silver” to shore up its debt situation, and shareholders are about to get diluted. (00:21) Bill Mann and Dylan Lewis discuss: - Why Goldman Sachs is struggling in the consumer space and what its write-downs mean for real estate. - How debt restructuring sent shares of Carvana up 30%. - Why investors might want to adjust their expectations for the car-seller that’s up 10X year-to-date. (15:08) Just one American carmaker is a top electric vehicle seller in China. Ricky Mulvey caught up with Bill Mann to talk about the landscape of the world's largest car market. Companies discussed: GS, CVNA, BYDDY, TSLA, NVDA, TSM Host: Dylan Lewis Guests: Ricky Mulvey, Bill Mann Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's behind Carvana's 30% spike?
0:07.7	Motley Fool Money starts now.
0:11.7	I'm Dylan Lewis and I'm joined over the airwaves by Motley Fool Analyst Bill Mann.
0:24.9	Bill, thanks for joining me.
0:26.2	Hey Dylan, how you doing?
0:28.0	I'm doing all right and I'm doing all right because we're in the earnings season.
0:30.6	Our jobs are easy this week, we just get to talk through all these results from all these
0:34.6	companies.
0:35.6	It's fantastic.
0:36.6	You better talk quick, I got work to do, pal.
0:40.9	We've got the latest earnings from Goldman Sachs and a surprise earnings release from
0:44.9	Carvana.
0:45.9	We're going to start with Goldman.
0:47.6	We know that all of the banks tend to kick off earnings season and so we've been able
0:51.0	to process both recent results from Goldman that came out this morning and also some of
0:56.0	the other results from some of the other banking institutions out there.
0:58.6	For Goldman, a slightly different story build than what we've been seeing in some of the
1:01.8	other parts of the industry, quarterly profit was 1.2 billion down 60% from a year ago and
1:08.6	that amounted to $3 per share which mis-expected estimates.
1:13.0	What's the story here with Goldman's earnings?
1:15.0	You always have to be a little bit careful when you're talking about financial institutions
1:19.4	and their earnings because a lot of times what you're basing on, I think when a lot of
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