13F Pro13F Pro
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Fundamentalist
Oct 7, 2026 · bearish
(https://www.cnbc.com/2026/10/07/used-cars-manheim-index.html) isn't a "demand normalization" story. It's a signal that mid-to-upper income households are rotating into efficiency and away from lifestyle purchases. When people start shopping used instead new, cash generation and balance sheet strength become the differentiator. $COST generated in free cash flow on in quarterly revenue, with an net margin.

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