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 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 Voice
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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