Why Carvana Stock Was Down Today

Shares of Carvana (NYSE: CVNA), an online used-car buying platform, closed sharply lower on Wednesday amid a broad-based market sell-off on rising numbers of coronavirus cases in U.S. states that reopened early. 

Carvana's shares ended the session at $112.25, down about 12% from Tuesday's close. 

U.S. markets closed lower on Wednesday after reports that new COVID-19 cases are increasing in many parts of the country, reaching new daily highs in states, including Texas and Arizona, that reopened their economies last month. 

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Source Fool.com