Earnings
Q1 2025 marked CarShares’ third quarter following initial investments and preparation. Efforts have been made to repair all three vehicles, however they are still facing persistent issues. We hope to correct all issues during Q2 2025 as this will be the beginning of the peak car rental season. We are also planning to invest additional capital into the company at the new valuation to purchase a Toyota Corolla, which is widely regarded as the most reliable production vehicle.
With $0 in gross revenue for Q1, CarShares saw a loss in value of $1,184.68. With an initial valuation (including new investments) of $10,749.49, and a current valuation of $9,564.81 this represents a loss of 11.0%. This loss is due to the current scale of our fund, where individual assets make up a large percentage of our portfolio. Our attempts at diversifying more quickly meant purchasing less expensive vehicles which has lead to a lot more downtime than expected. The next vehicles that we purchase will be based on reliability more than focusing on cost for diversification reasons.
Holdings
At the close of Q4 2024 our holdings included:
| Vehicles | ||||
| Year | Make | Model | Trim Level | Miles |
| 2012 | Chevrolet | Cruze | LT | 129000 |
| 2012 | Dodge | Journey | SXT HD | 113000 |
| 2012 | Crysler | Town & Country | Touring | 129000 |
| Cash in the Bank |
| $0.00 |