Why Carvana Is Falling Today
Shares of Carvana (NYSE: CVNA) are driving lower once again, dropping 1.7% at 11:33 a.m. ET on Tuesday as the broader market rises. The S&P 500 is up about 1.4% this morning.
While there was no specific news today to push shares lower, Carvana got hammered yesterday, as well, because the used-car market is running into a ditch. The stock has lost about half its value since Thursday when it reported disappointing third-quarter earnings results.
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Source Fool.com
