Collapse of Carvana, the “Amazon of used cars,” continues

The sky is not clearing for Carvana.

On the contrary, big clouds continue to gather over the company that was one of the big winners of the covid-19 pandemic, with tremendous growth.

Since the announcement of the quarterly results on November 3, Carvana (CVNA) – Get a free report shares have lost 44% of their value and are currently trading at $8.06 versus $14.35 on that day. This translates to a drop in market cap of about $1.1 billion in two weeks. Carvana currently has a market value of $1.43 billion.

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