Description of why you are requesting DD:
I wanted to get some more opinions here I saw some reddit posts and linked one. It seems like this company is falling into a pretty undervalued area considering their cash on hand for September filing:248m, though from further reading it seems most of their cash is from debt. It’s also worth noting they are in the same space as caravana which is currently down 50%+ from its high so maybe there is something wrong the the used car sector as a whole? Would carvana be a better buy?
Applicable links to news articles or Reddit analysis: