Shift Technologies Stock is Insanely Undervalued

<p>Is SFT a growth stock worth a buy today? Shift Technologies is a leading end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience.</p> <p>The SPAC merger was able to generate over $340 million dollars in new capital from the transaction. The company has an online shopping platform and offers a sales model based on end-to-end service, designed to personalize the customer’s experience, even down to test drives and home delivery. Simply put, &nbsp;they connect car buyers and sellers.</p> <p>Shift’s mission is essentially to make car purchase and ownership simpler for consumers. They provide &nbsp;3-step full service auto sales. The first step is the acquisition, which involves the evaluation at consumer location and obtaining instant quotes from consumer cars. The second is the recondition which is done in house and is digitally enabled. And finally in the 3rd step they use Omni channel Sale, enabling customers to buy it now at any shift hub, having an at home test drive, and fully digital financing. They operate under a regional logistics focus which brings a lot of big advantages. These include reduced fulfillment costs, cost-efficient test drive logistics, streamlined inventory on boarding, and greater ease for customers as Shift s technology and logistics network allows it to cover a broader area than normal car dealers. More importantly they use a differentiated strategy which focuses on the largest segment of the used car market. Also over 85% of inventory is sourced from Shift’s customers and partners, making this process cheap and scalable.</p> <p>The used car market is worth 841 billion dollars and is highly fragmented which presents a massive opportunity. Due to the global microchip shortage, automakers have had to slow their production, resulting in major delays in the availability of new vehicles. While that’s negative for automakers, the situation has provided strong tailwinds for the used vehicle market. Their growth strategy to