Shares of the online dealer have sunk more than 53% in the two trading days since the company reported disappointing third-quarter results late on Thursday.
By Esha Dey and Craig TrudellCarvana Co. is set to wipe out more than half of its market value in just two trading sessions as the stock plunged to an all-time low on deepening gloom about used-car sales.
Carvana, which allows its customers to buy a car from anywhere, saw its market value skyrocket last year when supply challenges in new-car production caused a surge in demand for used vehicles. That helped lure investors hungry for Covid-lockdown bets, especially given Carvana’s focus on at-home purchasing.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tonight could be someone’s lucky night as Powerball jackpot up to record $1.9BMonday night's Powerball jackpot is expected to reach a world-record $1.9 billion, following more than three months of draws without winners, game officials say.
Lire la suite »
Diddy Goes All out for Star-Studded Birthday BashThe music mogul turned 53 on Friday, and he started the day by serenading himself!
Lire la suite »
Chicago Weekend Shootings: 2 dead, 7 wounded across the cityThe ages of the victims range from 22 to 53.
Lire la suite »
Old Globe to release new William Shakespeare-themed podcast series on Thursday'Where There's a Will: Finding Shakespeare' will explore how the Bard's words are being reinterpreted in the modern age
Lire la suite »
Warmer temps will hang around through Thursday in Chicago but just waitWeather whiplash is once again about to hit Chicago.
Lire la suite »