The collapse of Carvana, the “Amazon of used cars,” continues

The skies don’t clear for Carvana.

On the contrary, big clouds continue to gather over the company, which was one of the big winners of the Covid-19 pandemic with massive growth.

Since reporting quarterly results on November 3rd, Carvana (CVNA) – Get a free report Shares are down 44% of their value and are currently trading at $8.06 versus $14.35 on the day. That represents a market cap drop of about $1.1 billion in two weeks. Carvana is currently valued at $1.43 billion.

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