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
320,05 €
4,78 %
Carvana Co. als klarer Gewinner: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein Kursziel von 389 € für Carvana Co. signalisiert eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 320.05 €.
