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.