Shares of the online car-buying company (NYSE: CVNA) were falling fast today, likely after investors drove the stock up higher yesterday in response to rival CarMax's better-than-expected earnings report. 

But Carvana investors are reversing their optimism today, likely as they realize that the U.S. economy is still in a precarious position. The company's stock was down by 6.4% as of 12:03 p.m. ET.

Carvana's stock spiked yesterday after competitor CarMax beat analysts' earnings estimate for its latest quarter. But investors appear to be rethinking their optimism, instead focusing on other news today, including a comment from a Federal Reserve official about more work to be done to bring down inflation. 

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Source Fool.com