Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Carvana Stock Lost 21% in March

TheMotleyFool

0 0

Shares of Carvana (NYSE: CVNA) were going in reverse last month. A broader sell-off in growth stocks weighed on the leading online auto retailer, as did a disappointing earnings report from rival Vroom (NASDAQ: VRM).

According to data from S&P Global Market Intelligence, the stock finished March down 21%. As you can see from the chart below, it was a volatile month for Carvana, and the stock never fully recovered from a sell-off early in March.