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Why Carvana Stock Fell Hard Today

Why Carvana Stock Fell Hard Today

Shares of the online car-buying company Carvana (NYSE: CVNA) were falling once again today, after plunging 20% just last week. Instead, investors were likely following the broader market slide today as the Nasdaq Composite fell 0.6% and the S&P 500 tumbled 0.9%. Carvana investors have been particularly on edge lately as they process macroeconomic news.