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![UnicusResearch Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1370821619145379842.png) Unicus [@UnicusResearch](/creator/twitter/UnicusResearch) on x 10.4K followers
Created: 2025-06-28 16:02:31 UTC

🚩 5,000+ $CVNA auto loans repoed.

- $273M gain booked.
- $3M “unrealized securitization gains” despite deep subprime wipeouts.

The stress isn’t showing up in earnings, but it’s already real. We traced the gap. 

Here is a sample of what's to come in our new Off the Books series.

Link below.

![](https://pbs.twimg.com/media/GuiuWFbWcAAwz9Q.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1938991408742048082/c:line.svg)

**Related Topics**
[3m](/topic/3m)
[collateralized debt obligations](/topic/collateralized-debt-obligations)
[$3m](/topic/$3m)
[$273m](/topic/$273m)
[auto loans](/topic/auto-loans)
[$cvna](/topic/$cvna)
[stocks consumer cyclical](/topic/stocks-consumer-cyclical)

[Post Link](https://x.com/UnicusResearch/status/1938991408742048082)