Archive - Swanson Investment Research

Cardlytics ($CDLX): CDLX Report #82 - Current Offers, Advertisers, and Observations as of 3.9.2025 (Research Note #303)

New Chase Media Solutions observation, new and returning CDLX advertisers (including very large), new and returning CMS advertisers, and more.

Mar 10 •

Carvana ($CVNA): 4Q24 Post-Earnings Analysis (Research Note #20)

Focuses on the latest QoQ and YoY changes, with visuals / metrics / summaries not readily available elsewhere.

Mar 6 •

Cardlytics ($CDLX): CDLX Report #81 - Current Offers, Advertisers, and Observations as of 3.2.2025 (Research Note #302)

Positive change on Chase, new and returning CDLX advertisers, new and returning CMS advertisers, and more.

Mar 3 •

February 2025

Cardlytics ($CDLX): CDLX Report #80 - Current Offers, Advertisers, and Observations as of 2.23.2025 (Research Note #301)

New multi-tier advertisers, new and returning CDLX advertisers, returning CMS advertisers, and more.

Feb 24 •

Carvana ($CVNA): 4Q24 Pre-Earnings Analysis (Research Note #19)

Analysis before today’s earnings results and call.

Feb 19 •

Cardlytics ($CDLX): CDLX Report #79 - Current Offers, Advertisers, and Observations as of 2.16.2025 (Research Note #300)

General QTD observations, returning CDLX advertisers, returning CMS advertiser, changes with large & attractive advertisers, and more.

Feb 17 •

Cardlytics ($CDLX): CDLX Report #78 - Current Offers, Advertisers, and Observations as of 2.9.2025 (Research Note #299)

New use of Chase Offers by Chase, new AmEx Offers observation, returning CDLX advertisers, new and returning CMS advertisers, and more.

Feb 10 •

Carvana ($CVNA): 4Q24 and 1Q25 Units (Research Note #18)

Analysis of the retail units over time (and vs KMX), with a focus on the latest retail-unit estimates.

Feb 6 •

Cardlytics ($CDLX): CDLX Report #77 - Current Offers, Advertisers, and Observations as of 2.2.2025 (Research Note #298)

New ad server milestone achieved, returning CDLX advertisers (including large & attractive), new and returning CMS advertisers, and more.

Feb 3 •

January 2025

Carvana ($CVNA): KMX 4Q24 vs CVNA 3Q24 (Research Note #17)

Analysis of Carvana's and CarMax's units and economics over time, through their latest earnings.

Jan 29 •

Cardlytics ($CDLX): CDLX Report #76 - Current Offers, Advertisers, and Observations as of 1.26.2025 (Research Note #297)

Update to Chase Offers desktop user experience, new and returning CDLX advertisers, new CMS advertiser, changes with large and attractive advertisers…

Jan 27 •

Cardlytics ($CDLX): CDLX Report #75 - Current Offers, Advertisers, and Observations as of 1.19.2025 (Research Note #296)

Important AmEx observation, new Capital One Shopping discovery, multiple new CDLX advertisers, returning CMS advertisers, and more.

Jan 20 •

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