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Swanson Investment Research
Cardlytics ($CDLX): Potential for New Banks Signing Soon and/or Remaining Banks Moving to the New Ad Server Ahead of Schedule, Possibilities and Potential Impact of Images (Update #156 - #157)
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Cardlytics ($CDLX): Potential for New Banks Signing Soon and/or Remaining Banks Moving to the New Ad Server Ahead of Schedule, Possibilities and Potential Impact of Images (Update #156 - #157)

New notes on the potential of new FI partners signing soon and/or the remaining banks moving to the new ad server ahead of schedule, and the possibilities/impact of images on the new user experience.

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Austin Swanson
Apr 03, 2023
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Swanson Investment Research
Swanson Investment Research
Cardlytics ($CDLX): Potential for New Banks Signing Soon and/or Remaining Banks Moving to the New Ad Server Ahead of Schedule, Possibilities and Potential Impact of Images (Update #156 - #157)
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Market Cap as of 4.3.2023: ~$3.34 / Share x 33.6M Shares ~ $112M Market Cap.

I believe we may see higher-than-expected near-term benefits with Chase now rolling out the new user experience with its richer imagery.

Additionally, we could hear some announcements soon regarding new FI partners signing, and/or remaining CDLX banks moving to the new ad server ahead of schedule, based on a new job listing (and other related info + past CDLX comments). These possible announcements could be catalysts for increasing the stock price in April for the second Bridg earnout payment.

I also continue to believe the downside that many focus on has a very low probability of occurring, given everything that has been discussed in the Research Notes last month (included in the last 5 update emails for updates #133-139, #140-144, #145-149, #150-153, #154-155).

While I prefer to wait longer between update emails for the notes, I want to make sure I deliver timely information to all of you with access to the Research Notes, especially given the all-time-low stock price.

The CDLX Research Notes Updates

At this time, all of the following notes are under

  • “General CDLX Growth Factors”

For convenience, I copied over the corresponding sections of the Research Notes and pasted them at the end of this post.

Note, I do tweet out when I make an update to the Research Notes. Therefore, if you want more real-time updates, follow me on Twitter.

The order below matches how I copied them to the end of this post to read.

CDLX Research Notes: Update #157

Added on 4.3.2023

  • Possibly New FI Partners Signing and/or Remaining Banks Moving to the New Ad Server Ahead of Schedule

    • Based on:

      • New job listing (discovered today)

      • Other related info to support these possibilities

      • Past comments by CDLX regarding new FI partners and schedule of moving to the new ad server

CDLX Research Notes: Update #156

Added on 4.1.2023

  • The Possibilities and Potential Impact of the New Use of Images (on the New User Experience)

    • Findings by Netflix regarding the importance and impact of images

    • Images on the outside + inside of offers

    • Impact of images in CDLX

    • Possibilities with images on the new user experience

    • A/B testing images (like Netflix)

    • and more

Gain Access to Research Notes

In addition to gaining access to the notes above, upgrading your subscription will give you access to all Research Notes.

Research Notes contain information I have collected while researching, investigating, analyzing, and thinking through businesses, such as CDLX.

This is where I continue to add additional notes, observations, and thoughts.

Some of the notes have never been made, nor will be made, into official posts that are public to read.

Join others and upgrade below to get access now:

Cardlytics ($CDLX) Research Notes:

Cardlytics CDLX Quantitative Qualitative Research Notes Swany407 Research Notes Austin Swanson, Competitive Advantages, Dosh, Bridg, product-level offers, new ad server, attribution, conference, presentation, partners, affirm, apple pay, google pay, POS Systems, API, insights, google, facebook, visa, mastercard, concentration, advertisers, risks, BofA renewal, self-service, short thesis, differentiation, execution risk, engagement, insider selling, glassdoor reviews, purchase data, twitter, additional resources, earnings, market price, sentiment, valuation, intrinsic value, measurement, incrementality, multi-touch attribution, marketing mix modeling, total marketing modeling, iOS14.5, IDFA, growth, massive scale, loyalty programs, 100 bagger, charlie munger, LTV/CAC, ROAS, total addressable market, TAM, $CDLX
  • Cardlytics ($CDLX): Qualitative Research Notes #1

  • Cardlytics ($CDLX): Qualitative Research Notes #2

  • Cardlytics ($CDLX): Quantitative Research Notes #1

  • Cardlytics ($CDLX): Quantitative Research Notes #2

Carvana ($CVNA) Research Notes:

Carvana CVNA Qualitative Research Notes Swany407 Research Notes Analysis Austin Swanson, 2018 Analyst Day, Competition, CarMax, Vroom, Shift, AutoNation, GM, Local, Dealers, and more, Disadvantages, selection, delivery, inspection and reconditioning, IRCs, Financing, Vehicle Service Contracts, VSC, Extended Warranties, GAP, Fees, Commission, Site Visits, Footprint, capacity, size, processes, root, insurance, hertz, new cars, drivetime, silverrock, blueshore, short thesis, Twitter, resources, Valuation, Market Penetration, Total Addressable Market, SG&A, Valuation, Intrinsic Value, Advertising, Securitizations, Operating Leverage, Retail Margin, Gross profit per unit, GPU, $CVNA, Austin Swanson, Carvana CVNA Quantitative Research Notes Swany407 Research Notes Analysis Austin Swanson, 2018 Analyst Day, Competition, CarMax, Vroom, Shift, AutoNation, GM, Local, Dealers, and more, Disadvantages, selection, delivery, inspection and reconditioning, IRCs, Financing, Vehicle Service Contracts, VSC, Extended Warranties, GAP, Fees, Commission, Site Visits, Footprint, capacity, size, processes, root, insurance, hertz, new cars, drivetime, silverrock, blueshore, short thesis, Twitter, resources, Valuation, Market Penetration, Total Addressable Market, SG&A, Valuation, Intrinsic Value, Advertising, Securitizations, Operating Leverage, Retail Margin, Gross profit per unit, GPU, $CVNA, Austin Swanson
  • Carvana ($CVNA): Qualitative Research Notes

  • Carvana ($CVNA): Quantitative Research Notes

General Research Notes on Businesses, Investments, and CEOs (Historical to Current):

  • General Research Notes

Reviews on the Research Notes

@MoneyMetroid

Gain Access

If would like access all these “Research Notes”, upgrade your subscription here:

For convenience, I copied over the corresponding sections of the Research Notes and pasted them directly below.


The Updates:

(#157) 4.3.2023: Possibly New FI Partners Signing and/or Remaining Banks Moving to the New Ad Server Ahead of Schedule (Based on New Job Listing + Other Supporting Info)

Today I noticed a new job opening.

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