Dangerous Slide of Carvana, the ‘Amazon of Used Cars’

What a difference a year makes.

Caravan, market and hedge fund dear just over a year ago, it is now disavowed by the same investors who seem to be speculating about its eventual bankruptcy and bankruptcy.

The numbers are terrible: the stock lost 13% in December. The month of November was brutal as Carvana shares fell 43%. The stock, which ended 2021 at $231.79, closed the Dec. 6 trading session at $6.71, representing a 97.1% decline in 2022.

Finally, the market capitalization has collapsed and now stands at $1.20 billion. In short, Carvana (CVNA) – Get a free report it will soon fall below $1 billion market cap. At the rate things are going, it looks like a possibility that is likely to happen very soon as the group’s investors and creditors have lost confidence. Assuming that’s the same number of shares, the market cap would be $41.45 billion on December 31, 2021.