https://finance.yahoo.com/news/carvana-stock-crushed-185200696.html
Shares of the online car retailer fell 50% over the past two full trading sessions and were dropping another 18% in early trading on Monday as Wall Street questioned the company’s business model after a mixed third quarter.
Carvana swung to an adjusted operating loss of $186 million compared to a $9 million profit a year ago. Execs told analysts on a conference call they were preparing for a “difficult” year ahead, which didn’t help market sentiment around the stock.