Shares of Carvana Co. Cl A (CVNA) are trading -12% lower at a price of $42.08 at the time of this writing. Shares of the stock are stumbling behind other names in the space on what is turning out to be a slightly pessimistic day for the Consumer Discretionary sector.

Carvana Co. Cl A has been trading between a 52-week high of $363.09 and a 52-week low of $19.45. The stock has a market cap of $1.97 Billion.

Founded in 2012 and based in Phoenix, Carvana's mission is to change the way people buy cars. By removing the traditional dealership infrastructure and replacing it with technology and exceptional customer service, Carvana offers consumers an intuitive and convenient online car buying and financing platform. Carvana.com enables consumers to quickly and easily shop more than 20,000 vehicles, finance, trade-in or sell their current vehicle to Carvana, sign contracts, and schedule as-soon-as-next-day delivery or pickup at one of Carvana's patented, automated Car Vending Machines.

CVNA Investors Have Opportunity to Lead Carvana Co. Securities Fraud Lawsuit
Kwhen Finance 08-19-22

Carvana Stock Took a Beating This Year. It''s Still Not a Bargain, Analyst Says.
Barron''s 08-18-22

Here''s How Much $100 Invested In Carvana 5 Years Ago Would Be Worth Today
Benzinga 08-18-22

Here’s Why Carvana (CVNA) Surged in the Second Quarter
Insider Monkey 08-17-22

DEADLINE ALERT for WEBR, CVNA, TUYA, LFST: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders
GlobeNewswire 08-17-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

burtgenx - 1 upvotes - source
In for 1000, to the moon and beyond. Agree this could still be a nice squeeze. Go back and look at the crap that is CVNA and how they rocketed up after there “bs” plans to cost save. The shorts on CVNA got greedy as F@ck and got there ass handed to them.

theodros1 - 1 upvotes - source
well, I sold 30 CVNA 50 P early that would have been worth 20k this week. I sold 10 GME 50 C that would have been worth 500k at the peak and sold tsla calls early too. I didn't think it was that cut and dry

Stunning_Wrangler_52 - 0 upvotes - source
Carvana- $CVNA Zip trader Charlie- mentioned it 🔥🔥🚀🚀

abramoam1 - 0 upvotes - source
Sheesh CVNA getting smoked