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Transcript
00:00On Wednesday this week, Carvana's stock lost 43% of its value in a single day.
00:07To give you a perspective on just how bad that number is,
00:10remember the stock market is supposed to return anywhere from 8 to 10% per year.
00:14So Carvana just lost 5 to 6 years worth of growth in a single day
00:18over concerns that the company could be going bankrupt.
00:21The stock went from a peak of over $360 all the way down to $3.80.
00:26That represents a value loss of 99%.
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