WHOLESOME: Michael Kay pays a beautiful tribute to the late John Sterling on his call for the Aaron Judge home run in the first inning.
“It is high… It is far… IT IS GONE! Aaron Judge. A Judgian blast! Here comes the Judge!!”
What a call 🥹🥹🥹
Carvana made about $6,800 in profit on every car they sold last quarter. The typical used car dealer makes around $1,500. Carvana makes four times as much because the car is just the start of what they sell you.
About 85 out of every 100 Carvana buyers finance the car through Carvana. At CarMax, their biggest competitor, the same number is closer to 40. When you click "finance" on Carvana's website, they write the loan at one interest rate, then sell that loan to a bank or pension fund within days. They keep the gap between what you pay and what the bank pays them. That gap, multiplied across hundreds of thousands of buyers, is how they print money.
Then come the add-ons. An extended warranty. Coverage that pays off your loan if the car gets totaled. An insurance referral to Root, a digital car insurance company Carvana owns a piece of. Each one stacks on top of the same checkout. The car is the bait. The loan is the meal. Everything else is dessert.
This is why selling them your car at a price that felt too generous still works for them. The money they make on that trade-in shows up later, after the next buyer signs. They clean it up, sell it to someone else, and that someone else signs another Carvana loan.
This is also why they aren't going anywhere. In May 2022 they bought ADESA, a used car auction company, for $2.2 billion. ADESA came with 56 auction yards across the US. Now Carvana owns the auction yard, the body shop that fixes the car up, the trucks that deliver it, and the lender that funds the next buyer. Every step of that car's journey happens inside something Carvana owns.
Three years ago none of this looked like it would survive. Carvana's stock hit $3.55 in December 2022. They had over $5.7 billion in debt. The market thought they were going bankrupt. Then Apollo, a giant private equity firm, led a deal with their lenders that cut $1.2 billion of debt and pushed the deadlines out to 2028.
Last quarter they sold 187,000 cars and made $405 million in profit in 90 days. They joined the S&P 500 in December. Their market cap sits near $84 billion. Bigger than Ford.
The whole business looks confusing if you think of Carvana as a car company. The math gets simple once you see them as a lender that happens to deliver cars.
Elon Musk predicts Unsupervised FSD will rollout to customer cars in Q4 2026:
“I think we would release Unsupervised FSD gradually to the customer fleet, as we feel like a particular geography is confirmed to be safe.”
Originally I thought this was an interception but the more I watch it I’ve changed my mind. It’s wild the officials didn’t just take their time to review this play.
Last night was really something special.
Around the table were good friends, good Giants fans and the kind of energy that reminds you what the holidays are actually about.
Big Tip Dinner now in its 7th year where everyone puts in $100 to cover dinner and we leave the rest for the server.
An $1,800 tip but more than that, a moment none of us will ever forget…especially the waitress. She’ll remember this for the rest of her life.
We also made sure the entire kitchen felt the love: $300 to each cook and $200 to the kitchen helper.
Huge thank you to everyone who battled the traffic and the cold to be there, and to those who couldn’t make it but still gave on Venmo.
Like I always say…if you’re not using your platform for something good, you’re doing it wrong.
This world shouldn’t be about material things, it should be about experiences, generosity, and Giants SuperBowls💯
Seeing her reaction was a reminder that kindness, especially this time of year, matters more than anything.
Grateful for the people around that table. Grateful for the chance to give a little extra when it counts most. Special thanks to @bellinger_88 @thomasfidoneii_ @caseyrogers98@jade_52@jay_alford13@giuseppe.strong
This is the season. ❤️🎄
#nygiants #giants #Giants #nyg #bigblue #bigbluewreckingcrew #bigbluenation #GIANTS #NYGIANTS #bigtipdinner #charity #givingback #diner #friends #Christmas #holidays
Role Model: Browns superstar QB Deshaun Watson spent the day with his wife handing out turkeys to poor people in the community.
“My husband's entire guiding principle is 'work hard, serve others, and repeat.’”
Deshaun is the definition of a class act 👏
this is a never give up effort play you show to your kids
what a play by Alijah Clark
from blocked flat on his back to forcing a fumble 50 yards downfield 🔥🔥