Carvana Stock Tanks as Growth Decelerates
Digital used-car buying platform Carvana (NYSE: CVNA) found itself a little further away from Nirvana on Thursday following its release of fourth-quarter 2019 earnings after the market close on Wednesday. While the company still exhibited enormous top-line growth, more than one disappointing aspect of the report triggered a sell-off in its stock. Shares were down 11.5% in early-afternoon trade on Thursday. Below, let's briefly review the quarter to find the root of investor dissatisfaction, bearing in mind that all comparative numbers are presented against those of the prior-year quarter.
Data source: Carvana.
Image source: Getty Images.
Source Fool.com
