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Why Carvana Stock Was Down Today

TheMotleyFool

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Shares of Carvana (NYSE: CVNA), an online used-car buying platform, closed sharply lower on Wednesday amid a broad-based market sell-off on rising numbers of coronavirus cases in U.S. states that reopened early.

Carvana's shares ended the session at $112.25, down about 12% from Tuesday's close.

U.S. markets closed lower on Wednesday after reports that new COVID-19 cases are increasing in many parts of the country, reaching new daily highs in states, including Texas and Arizona, that reopened their economies last month.

Source Fool.com

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