Carvana stock tumbles 35%, risking worst day on record as bankruptcy fears rev up

Shares of used-car retailer were in line to post their second-worst, and possibly worst, day on record Wednesday amid growing concerns about solvency.

Carvana stock on Wednesday was in danger of posting its second-worst — and possibly 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.

Carvana’s... Carvana stock on Wednesday was in danger of posting its second-worst — and possibly 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. “We now believe that without a cash infusion, Carvana is likely to run out of cash by the end of 2023,” Schindler wrote at the time.

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