Why Carvana Stock Tumbled Today
Shares of Carvana (NYSE: CVNA) were heading lower today as disappointing guidance overcame better-than-expected results in its third-quarter earnings report.
The report also comes as investors have been spooked by rising auto delinquencies and the bankruptcy of two major suppliers in the auto parts industry, leading to broader concerns about credit in the industry.
As a result, the stock was down 9.6% at 10:19 a.m. ET.
Source Fool.com
Carvana Co. Aktie
61,27 €
3,14 %
Überwältigendes Buy-Interesse für Carvana Co.: 57 Buy-Einschätzungen ohne eine einzige Sell-Einschätzung.
Das Community-Kursziel von 398 € für Carvana Co. zeigt eine potenzielle Verdopplung im Vergleich zum aktuellen Kurs von 61.27 €.
