Collapse of Carvana, the ‘Amazon of Used Cars’, Continues

The sky is not clearing up for Carvana.

On the contrary, heavy clouds continue to gather over the company which has been one of the big winners of the covid-19 pandemic, with massive growth.

Since the announcement of 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 from $14.35 on the day. This translates to a decline 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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