Motley Fool
Why Carvana Is Falling Today
Shares of Carvana (NYSE: CVNA) are driving lower once again, dropping 1.7% at 11:33 a.m. ET on Tuesday as the broader market rises. While there was no specific news today to push shares lower, Carvana got hammered yesterday, as well, because the used-car market is running into a ditch. The online car retailer is being confronted with a used-car market that’s been bouncing from crisis to crisis like bumper cars since the pandemic began.