[hn_throwaway_99]

Don't disagree with the sentiment that selling physical products is a lot more intensive than a SaaS app, but to this point, "people here report both carmax and carvana having severe business issues" is definitely due to the whiplash in the used car business due to COVID. That is, both new and used car prices skyrocketed due to supply chain issues, so CarMax and Carvana had to pay a ton for their inventory. Now car prices are "normalizing", so both of these companies have high priced inventory that they now need to sell in a low(er) priced market.