$CVNA 2Q25 Post-Earnings Analysis. Focuses on the latest QoQ and YoY changes, with visuals / metrics / summaries not readily available elsewhere.

$CDLX 2Q25 Earnings (Research Note). Discussions on CDLX's latest earnings, with a focus on the latest restrictions by Chase.

$CDLX Report #103 (8.3.2025):. Hy-Vee’s RedMedia Joins the Rippl Retail Media Network. More returning CDLX advertisers. Larger changes with CMS (including related to past and active CDLX advertisers).

$CVNA Announces Record Second Quarter 2025 Results

$CDLX Report #102 (7.27.2025):. Expansion of local offers. Follow-up on potential AmEx issue. Large redemption potential with a large & attractive advertiser. Important new job listing. Returning CDLX and CMS advertisers.

$CDLX Report #101 (7.20.2025):. New Customer Insights in the CDLX Insights Portal. Returning CDLX advertisers (including large and attractive). New and returning CMS advertisers.

$HGV: Potential Future Returns. Different scenarios of buybacks, growth, and multiples.

$CDLX Report #100 (7.13.2025):. Chase extension + new billings share. Interview with Amit Gupta. New and returning CDLX advertisers (including large and attractive). New and returning CMS advertisers (including more switching from CDLX to CMS).

$HGV $VAC $TNL: Buybacks + FCF Growth + Multiple Expansion. Analysis on HGV's high buyback yield, low multiple, and growth prospects, with comparisons to VAC and TNL.

$HGV vs $AN $DDS $AZO: Buybacks Driving Returns. Analysis on the drivers of past returns for AutoNation, Dillard's, and AutoZone, and how it relates to HGV today.

$CDLX: Extends JPM Chase agreement until November 18, 2028, and further amends provisions related to supplier billings share.

$CDLX Report #99 (7.6.2025):. Another Citi observation. CMS extending inventory. Large change in CDLX offers and advertisers. New and returning CMS advertisers (including more switching from CDLX to CMS).

$CVNA up 100x from its low of $3.55 in Dec 2022.

$CDLX Report #98:. New development of selling their data. Update on U.K. business. New and returning CDLX advertisers (including large and attractive). New and returning CMS advertisers (including more switching from CDLX to CMS).

$CVNA: KMX 2Q25 vs CVNA 1Q25. In addition to updating all the numbers and graphs, new commentary was added related to KMX’s decrease in finance GPU, increase in other GPU, and KMX's announcement of a nonprime securitization and having an associated gain on loan sale in the future

$CDLX Report #97:. Major change with a CDLX partner’s offers program. More changes with CDLX’s UK business. New and returning CDLX advertisers (including large and attractive). New and returning CMS advertisers (including more switching from CDLX to CMS).

$CDLX Report #96:. Possible changes with international growth plans. Former executive provides names of Bridg partners. Potential AmEx issue. New Citi observation. New & returning CDLX advertisers (including very large). New & returning CMS advertisers (more switching from CDLX)

$HGV $VAC $TNL: Buybacks & Dividends. Analysis on past, current, and future capital returns to shareholders. This has become more interesting recently, given some of the large increases in capital returns and corresponding yields.

$CVNA: “Jon Hamm Caught. selling his car the easy way, to Carvana”.

$CVNA: Jon Hamm and Carvana Launch National Campaign Highlighting the Simpler Way to Sell Your Car.