Why Carvana Is Crashing 39% This Week

Why Carvana Is Crashing 39% This Week

Fears of bankruptcy for the online used car dealer have sent shares plummeting. Just as depleted inventories were beginning to be replenished, causing used car prices to fall, rising interest rates could prove problematic for potential buyers. Because Carvana is stocked with vehicles acquired at higher prices, it is going to have a particularly difficult time reaching profitability.