The collapse of Carvana, the ‘Amazon of Used Cars’, continues

The sky is not clearing up for Carvana.

On the contrary, a big cloud continues to gather in the company that is one of the big winners of the covid-19 pandemic, with great growth.

Since announcing its quarterly results on November 3, Carvana (CVNA)- Get a Free Report shares have lost 44% of their value and are now trading at $8.06 versus $14.35 that day. This translates into a drop in market capitalization of approximately $1.1 billion in two weeks. Carvana currently has a market value of $1.43 billion.

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