![]() That's because it's a real test drive and not a return option after the 7-day period. Comparing it to the service of Carvana ( CVNA) or Vroom ( VRM) which sponsor a 7-day test drive, I think that Shift's test drive is much more interesting for those who are used to classic dealerships. All the people who are staying away from auto retail e-commerce because of the absence of a test drive on used cars have a solution: Shift. In my opinion, this is only a matter of time and in all this Shift is approaching the consumer with a very important full service. Overall it is amazing how the used car sales business has not yet been affected by the shift to e-commerce. Indeed, in a moment when the stock was not gaining great popularity, the company has intelligently bought back the public warrants through an exchange offer, eliminating the risk of dilution typical of SPACs. As of now, the company has made smart moves both on the corporate side, with some very interesting numbers in the latest quarter (which we'll look at shortly) and equally useful moves for shareholders. with a pro forma enterprise valuation of $415.9M. It went public through the SPAC Insurance Acquisition Corp. For these reasons, I find that investing in SFT can be an excellent choice for many investors who want to bet on the sector. Compared to its competitors, Shift is trading at a valuation that gives the stock a particularly attractive risk-return profile. In the industry, I find Shift ( NASDAQ: SFT) a particularly attractive stock. ![]() In the near future, we can expect this trend to grow. The online used car sales business has not yet taken off broadly.
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