The collapse of Carvana, the “Amazon of Used Cars,” continues

The sky is not clearing for Carvana.

On the contrary, big clouds continue to gather over the company, one of the biggest winners of the covid-19 pandemic, with massive growth.

Since announcing its quarterly results on November 3, Carvana (CVNA) – Get a Free Report shares have lost 44% of their value and are currently trading at $8.06 versus $14.35 on the day. That translates into a drop in market capitalization of about $1.1 billion over two weeks. Carvana currently has a market cap of $1.43 billion.

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