TSXV:AUTO - Post Discussion
Post by
lscfa on May 14, 2023 5:11pm
MD&A
As of April 20, 2023, Carbeeza has fully onboarded 461 franchise and independent dealerships in Canada. Inventory counts are also favorable, with 32,050 unique pieces of inventory on the Carbeeza platform. This represents 14.65% of Auto Trader’s national inventory count and 19.0% and 15.6% of Kijiji and Car Gurus, respectively. Carbeeza now has relationships with 18 of Canada’s largest inventory syndicators and it has added resources to ensure a successful roll-out.
Carbeeza has not commenced earning revenues. The Company anticipates that it will commence earning revenue in mid-2023, once it has completed its dealer on-boarding process. The original estimate commencing revenue in fiscal 2022 has been revised to account for the impact of the global chip shortage on vehicle inventories, which impacts dealers' priority to participate in a value-add solution, like Carbeeza offers.
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