Market Extra: Carvana stock tumbles 43%, books worst day on record as bankruptcy fears rev up

by | Dec 7, 2022 | Stock Market

Carvana stock on Wednesday logged its worst day on record on heavy volume and amid growing concerns about its ability to remain a going concern, according to a number of reports about the used-car retailer. Shares of Carvana Co.
CVNA,
-42.92%
closed down nearly 43%. That daily decline exceeded the 38.95% tumble that was registered on Nov. 4 to mark the ugliest day for the stock since the company listed on the New York Stock Exchange in 2017.

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