Investors slammed on the brakes after Carvana's share price soared during the pandemic. Here's how it can get back on track.
Shares of Carvana (NYSE: CVNA) jumped today, even though there was no news out on the online auto retailer. Instead, investors seemed to be reacting to the July Consumer Price Index (CPI) report, which showed the inflation gauge cooling to 8.5% year over year and flat over June, down from 9.1% in June, and better than expectations of 8.7%. Carvana is one of a number of growth stocks that have plunged over the last year as investors have turned sour on unprofitable growth stocks.
PHOENIX, August 10, 2022--Carvana (NYSE: CVNA), the industry pioneer for buying and selling used cars online, makes its vehicle financing qualification process even easier by offering Texas residents the ability to add a co-signer to buy the vehicle they love. By sharing responsibility for the vehicle loan, Carvana customers across Texas, including Dallas, Houston, Austin and San Antonio, who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates