|Bid||20.46 x 1000|
|Ask||20.44 x 1000|
|Day's range||20.00 - 22.17|
|52-week range||19.45 - 309.50|
|Beta (5Y monthly)||2.59|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Carvana (NYSE: CVNA) sank as much as 23.7% this week, according to data from S&P Global Market Intelligence. Carvana operates in the used car market, enabling people to buy and sell used vehicles directly from their phones and have them delivered to their houses. CarMax -- one of Carvana's most prominent competitors -- does so as well but with an omnichannel dealership model.
The broader market was down sharply and that was certainly impacting Carvana stock. As of 12:01 p.m. ET, Carvana stock was down 18.5%. First, let's recognize that Carvana is a volatile stock to begin with.
Shares of Carvana (NYSE: CVNA) were skyrocketing this morning as investors rekindled some of their optimism for stocks, in general, today. Comments made by a Federal Reserve official about potentially raising the federal funds rate too quickly to fight inflation may be the reason Carvana investors are pouring back into the stock. Carvana's share price was up by 5.7% as of 11:32 a.m. ET.