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

The sky does not clear up for Carvana.

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

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

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