Carvana Stock Falls on Disappointing Guidance, Bears Reap Windfall

Carvana's stock experienced a significant drop after the company's full-year guidance failed to meet expectations, despite reporting a record quarter. This slump created a potential $500 million windfall for investors who had been bearish on the stock.

30 Jul, 20:52 — 30 Jul, 20:52

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bloombergHigh17h ago

Carvana Bears Reap $500 Million as Stock Sinks on Profit Miss

The slump in the shares of online used-car dealer Carvana Co. on Thursday is creating a potential windfall for investors who have been bearish on the stock.

By Norah Rami and Jordan Fitzgerald

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Coverage Timeline

First report: Yahoo · 30 Jul, 12:54|Full coverage: 2 · 8h|Window: 8h

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Yahoo30 Jul, 12:54First to report

Carvana stock tumbles as full-year guidance disappoints despite record quarter

8h later

bloomberg30 Jul, 20:52Latest update

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Carvana Stock Falls on Disappointing Guidance, Bears Reap Windfall

Sources

Carvana Bears Reap $500 Million as Stock Sinks on Profit Miss

Coverage Timeline

Carvana stock tumbles as full-year guidance disappoints despite record quarter

Carvana Bears Reap $500 Million as Stock Sinks on Profit Miss

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