Collapse of Carvana, the ‘Amazon of Used Cars’, Continues

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The sky is not clearing for Carvana.

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

Since the announcement of the 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 that day. This translates to a drop in market cap of about $1.1 billion in two weeks. Carvana currently has a market value of $1.43 billion.


The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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