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“Carvana shares jump more than 30% from record lows”

“Shares of Carvana jumped by as much as 32% Thursday morning – representing a small, yet notable, increase after a week of significant declines for the used car retailer.

The stock hit $10 a share during early trading but has given back some of those gains and was trading around $9.49 per share during trading mid-morning, up by 25%. The move came as the broader market surged on news of cooling inflation.

Despite the double-digit increase, the embattled stock remains off roughly 97% this year. That includes a more than 30% decline since last Thursday, when the company missed Wall Street’s top- and bottom-line expectations for the third quarter...”

https://www.cnbc.com/2022/11/10/carvana-shares-surge-from-record-lows.html

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