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Why Carvana Is Such a Wreck Today

TheMotleyFool

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Why Carvana Is Such a Wreck Today: https://g.foolcdn.com/editorial/images/713560/with-smartphone-by-the-damaged-car-after-a-car-accident.jpg

The smoldering wreckage that is Carvana (NYSE: CVNA) stock continues to burn up the remaining value of investors as shares careen 15.9% lower as of 11:52 a.m. ET on Monday.

While there was no news specific to the online used car dealer that would cause it to crash, NBC News reports that vehicle repossessions are soaring in a worrying sign for the economy.

Image source: Getty Images.

Source Fool.com

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