Kamux’s RSI has already dropped as low as it was in late March / early April, and for the first time in a while, it’s fighting around the EMA50. Even today, it’s clearly down despite the rest of the market being green. Who has been on the selling side lately?
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Perhaps Kamux rose a bit “too quickly” after Intera’s sale. The sentiment seemed to be that a large bundle would be bought from Intera’s sales and at least some would be sold at ATH (all-time high) levels before earnings. The market rarely works this simply. Now, it may have been noticed, and people are starting to take profits.
It’s also good to remember that even though momentum investing is all the rage, institutions probably also try to buy as cheaply as possible, not expensively. My point is that I see very little sense in buying frantically when there are sellers; one can accumulate little by little if they desire the stock.
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I assume quite a few people here are watching the course, 8.9 was that the Intera sales bump? One would think there would be buying pressure around 9 euros; I myself could grab some of my lighter positions back…
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Well, I guess investors are a bit on the fence here, and there can very well be so-called fundamental reasons for the price drop.
However, I think it’s telling that one sees significantly fewer “I bought Kamux” announcements now than when it was +10€. A stock price drop often makes investors uncertain, and a rise makes them confident again 
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My hand is on 9 pips, ready if I can get them for halal. Since there are used cards. I don’t want to pay the new price for them, and on the other hand, my backpack is already full with an average price of well under 9€.
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Beginner asks: did the possible €0.11 drop due to the dividend hit yesterday or today?
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On the ex-dividend date, the share price usually falls by the amount of the dividend, which now means yesterday’s 22.10. The seller of a trade made then rightfully receives the dividend.
Uncle Masse, FA, when did uncle become an unpaid leader of investment courses? 
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So, when the company’s stock exchange release stated that the dividend would be paid to shareholders registered with Euroclear on October 23, 2020, did transactions have to be made yesterday to be included by that date?
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You shouldn’t start any service with this advice. To receive the dividend, these had to be owned on October 21st, and the dividend was detached yesterday.
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Right, so in order to sell right at opening on October 22nd (=dividend ex-date), you must own those shares before that, meaning by the close of the stock exchange on October 21st at the latest
Uncle Masse, FA, even Uncle makes mistakes but damn rarely 
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This is certainly true, meaning the stock has somewhat fallen out of “momentum” for other stocks. I was mainly wondering if there’s a specific party that has been offloading shares (retail investors, foreign investors, someone else). The volumes, however, haven’t been particularly large. I myself have used this return to sub-10€ prices as an opportunity to add more shares, so I don’t mind. Although now the amount of cash is almost at zero, so it would be unpleasant to start scooping up more from the 9€ level with leverage :D. I don’t believe we’ll drop that low again, and the earnings report is coming in 3 weeks, so there will probably be a slight awakening in volumes.
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As far as I understand, no new clouds have gathered on Kamux’s future horizon, and growth expectations should remain the same. I myself have also thought that this price of <10€/share is a nice opportunity to slightly supplement my portfolio. When looking far into the future, a small downward fluctuation doesn’t bother me at all.
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I was just watching the Kamux Roast, which I think is one of the best roasts overall.
At the beginning of the interview, Verneri asks Kalliokoski how easy it is to transfer the same concept to Sweden and Germany. According to Kalliokoski, in Sweden, more attention needs to be paid to car safety, and in Germany, to service. So I’m asking, what are the more specific arguments for these? That is, does the car trade have a bad reputation in Germany, and has there been anything negative regarding the safety of used cars in Sweden? I, for one, am convinced of the speed of Kamux’s service.
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I think these are only related to culture, meaning Germans want good service when they go to a store as a paying customer, whether it’s a car dealership or a hot dog stand. Germans seem to be a bit of a developing country in e-commerce, which may be partly due to this culture.
For Swedes, when choosing a car - whether new or used - the most important selection criterion is safety. Other criteria might include: powertrain, price, environmental friendliness, age, color, model, brand, etc., etc. Of course, safety is probably number one everywhere, but in Sweden apparently with even higher scores than elsewhere.
So, simply put, for “not-so-safe” cars, inventory turnover would be slower in Sweden.
And the roast itself was probably excellent, and only the way things were translated started to bother me. 
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A short story about how car dealerships are moving online.
” My experience, it turns out, is not an anomaly. A trio of automotive web stores – Carvana Corp., Shift Technologies Inc., and Vroom – have the accelerator pinned, as COVID lockdowns played into business models that are socially distanced by design. Take a look at the charts in our deep-diveon the space. In the next few years, analysts expect 8% to 20% of vehicles to be bought via computer or phone.”
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Good link, Verneri 
The text made a good point about the fragmentation of the market and the need for big muscles to be able to invest in this upcoming digital leap:
"The auto business, meanwhile, is still extremely fragmented; the largest dealer groups hold far less than 5% of the market. That’s critical for two reasons:
First, one of these startups could quickly dominate the industry. Carvana is bent on selling 2 million cars and trucks a year, which would be about 4% of the total U.S. auto market – used and new.
Secondly, the vast majority of car dealers are relatively small businesses operating at thin margins. As such, many will lack the tools – or the capital – to win on the internet, or even keep up."
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What’s interesting about Carvana’s operating model versus, say, Vroom, is that Carvana has its own drivers and trucks. Someone who has worked as a logistics manager at both companies said the following a while ago:
"Your own private fleet is absolutely essential in the e-commerce side. It’s the hardest part to replicate because it’s the biggest cost. Drivers are tricky. Overall, in the industry across all of transportation, there’s roughly 110% to 115% turnover.
Carvana’s capability is around the 10% turnover rate. So they pay their drivers well. They treat them well. And so as a result, they don’t struggle in that area like a lot of other companies do. But having that 2 pieces with their own drivers and their own trucks is an enormous advantage. I mean if you look at Vroom, they’re doing the same thing as Carvana, but they’re using common carrier. And their average delivery days is 10 to 15 days. Carvana does it between 1 and 3, typically. The longest is usually no more than 4, unless something happens."
And if you look at, for example, Carvana’s old job advertisement:
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There’s probably room for improvement in logistics at Kamux too…
Those empty car carrier trucks are rattling around all day, who knows whose business it is…
BUT Kamux’s inventory has increased in almost all Finnish outlets, I was browsing online more carefully yesterday. Whereas previously small units in the provinces had about 50 cars, now they have 70-80.
A total of over 5000 in Finland.
So they are definitely aiming for growth, things are well on track.
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Without casting ashes on my head, please remind this country boy again how this works. Kalliokoski has tattooed himself with the motto of inventory turnover speed. So what does it mean if there are a lot of cars in stock? Are they preparing for future demand? Or is sales not picking up? In few businesses is a full warehouse a good thing, right? Or is there something I don’t understand here?
The phrasing of my text might be interpreted as sarcastic. However, that’s not my intention. I’m just wondering what can really be concluded from inventory growth.
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In the summer and early autumn, demand has been very high and (even Kamux) has experienced a shortage of supply. Demand is apparently still very good, so the increase in inventory levels suggests that Kamux has successfully managed to acquire more goods for sale. In late July/early August, supply was likely a limiting factor for Kamux’s sales as well.
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