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Carvana Stock Plunges After Earnings. Warning Sign or Buying Opportunity?

The Motley Fool Logo The Motley Fool By Jeremy Bowman
Carvana Stock Plunges After Earnings. Warning Sign or Buying Opportunity?

Carvana reported strong Q3 earnings with 55% revenue growth and record quarterly revenue, but stock dropped due to concerns about auto loan delinquencies and potential sequential sales decline.

Insights
CVNA   neutral

Despite strong financial performance (55% revenue growth, $263M net income), stock experienced volatility due to market concerns about loan delinquencies and potential sales decline. Company has solid cash position and long-term growth potential.