The demise of Carvana, the ‘Amazon of used cars’, continues

The sky is not clear for Carvana.

On the contrary, big clouds continue to hang over the company that was once one of the big winners in the covid-19 pandemic, with outstanding growth.

Since announcing quarterly results on November 3, Carvana (CVNA) – Get a free report the stock has lost 44% of its value and is currently trading at $8.06 from $14.35 that day. This resulted in a market capitalization drop of around $1.1 billion in two weeks. Carvana currently has a market value of $1.43 billion.


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