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Carvana stock tumbles 43%, books worst day on record as bankruptcy fears rev up
marketwatch via msn ^
| 12/8/2022
| y Mark DeCambre
Posted on 12/07/2022 9:03:40 PM PST by RomanSoldier19
Carvana stock on Wednesday logged its worst day on record on heavy volume and amid growing concerns about its ability to remain a going concern, according to a number of reports about the used-car retailer.
Shares of Carvana Co. closed down nearly 43%. That daily decline exceeded the 38.95% tumble that was registered on Nov. 4 to mark the ugliest day for the stock since the company listed on the New York Stock Exchange in 2017.
(Excerpt) Read more at msn.com ...
TOPICS: News/Current Events
KEYWORDS: carvana
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To: RomanSoldier19
Was reading up on Carvana today. They’re in deep shyte. Wish I shorted a year ago.
2
posted on
12/07/2022 9:05:40 PM PST
by
Levy78
(Reject modernity, embrace tradition. )
To: Levy78
keep lookin around plenty to come
Stagflation Will Rule 2023, Keeping Stocks in Peril https://www.bloomberg.com/news/articles/2022-11-28/stagflation-will-dominate-in-2023-keeping-us-stocks-in-peril
3
posted on
12/07/2022 9:06:55 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: RomanSoldier19
100%. Opportunity abounds on the short side.
4
posted on
12/07/2022 9:14:37 PM PST
by
Levy78
(Reject modernity, embrace tradition. )
To: RomanSoldier19
OK, I didn’t know who they are but it seems it was like “car” and “nirvana”. Were these the ones where the car showroom was like a giant circular vending machine where the cars were spiraled toward the top?
If so, that’s all I know about them. Car resale places go under all the time.
5
posted on
12/07/2022 9:16:26 PM PST
by
OrangeHoof
(No food in the stores; fuel prices too high? Thank a liberal.)
To: Levy78
6
posted on
12/07/2022 9:17:57 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: OrangeHoof
7
posted on
12/07/2022 9:20:21 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: RomanSoldier19
8
posted on
12/07/2022 9:24:08 PM PST
by
EEGator
To: EEGator
9
posted on
12/07/2022 9:27:27 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: RomanSoldier19
Carvana been having serious issues for most of this year with repeated layoffs, etc.
Not surprising to read this, at all.
10
posted on
12/07/2022 9:38:14 PM PST
by
cranked
To: Levy78
I could never see how this sales model could work. Over paying to purchase used vehicles sight unseen leaves too much downside risk.
11
posted on
12/07/2022 9:39:03 PM PST
by
VTenigma
(Conspiracy theory is the new "spoiler alert")
To: RomanSoldier19
$270.82 one year ago and today it is $3.83
Wow! It could be worse if we were in a recession....
12
posted on
12/07/2022 9:50:45 PM PST
by
minnesota_bound
(Need more money to buy everything now)
To: RomanSoldier19
They have had issues with paperwork also, not being able to get titles to customers in a timely manner resulting in buyers not being able to register and license their vehicles within their states specified time. Some states have stopped Carvana from operating.
13
posted on
12/07/2022 10:18:14 PM PST
by
dznutz
To: dznutz
14
posted on
12/07/2022 10:46:00 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: VTenigma
I cannot imagine someone dumb enough to risk cash on a purchase like this.
15
posted on
12/08/2022 1:41:01 AM PST
by
MachIV
Comment #16 Removed by Moderator
To: Tabusocial
They change the formula to get the numbers they want. It's been evident any time f@tard leftshytes have control.
It's communism for us now, folks. Respond appropriately.
17
posted on
12/08/2022 2:04:11 AM PST
by
Caipirabob
(Communists...Socialists...Fascists & AntiFa...Democrats...Traitors... Who can tell the difference?)
To: Levy78
I own stock in VRM, SFT and LOTZ - all in the CARVANA used car sector. All have problems, but none were pumped to $370 a share with huge debt overhangs. Carvana was a Ponzi.
To: RomanSoldier19
My favorite "Used Cars"
Director: Robert Zemeckis (Back to the Future)
Writer: Robert Zemeckis, Bob Gale (Back to the Future)
19
posted on
12/08/2022 3:35:03 AM PST
by
newfreep
("There is no race problem...just a problem race")
To: Tabusocial
We won't rebound until joke biden and the corrupt rats are removed from power. They are the main cause of inflation. Hopefully half of this country will pull their heads from their asses and see the truth. I wouldn't’ bet my life on it.
20
posted on
12/08/2022 3:45:43 AM PST
by
Rdct29
(Democrats are the new Nazi's. They think they deserve total control over the people)
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