Why Carvana's Stock Is Driving Lower
Shares of Carvana (NYSE: CVNA) continue to roll into the ditch Thursday morning, nearly two weeks after reporting pretty ugly financial results that showed revenues falling and profits plunging from the year-ago period.
The stock is down 5% at 11:06 a.m. ET on no company-specific information, but there are signals indicating the economy may be heading for an official recession in the very near future. Even the broad market index, the S&P 500, is down over 1% so far today.
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Source Fool.com
