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Why Carvana Stock Is Falling Again Today

TheMotleyFool

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Why Carvana Stock Is Falling Again TodayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Carvana's (NYSE: CVNA) stock is sliding once again today, likely as investors continue their pessimistic view of the online car-selling retailer amid yesterday's worse-than-expected inflation report.

The company's shares retreated by 4.2% as of 11:18 a.m. ET.

This was the second day that investors were reacting strongly to the latest inflation data, which showed that the consumer price index increased by 0.1% in August and was up 8.3% over the past year.

Source Fool.com

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