The collapse of Carvana, the "Amazon of used cars," continues

The sky does not clear for the Caravan.

On the contrary, big clouds continue to gather over the company, which was one of the big winners of the Covid-19 pandemic, with tremendous growth.

After announcing its quarterly results on November 3, Carvana (CVNA) – Get a free report the stock has lost 44% of its value and is currently trading at $8.06, down from $14.35 that day. That translates into a drop in market cap of roughly $1.1 billion in two weeks. Carvana currently has a market cap of $1.43 billion.

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