Carvana (CVNA 2.63%) is slashing expenses as customer demand slows. The used car company saw sales surge after the pandemic's onset as a shortage in new cars for sale was a boom for the used car industry. This video will highlight how Carvana is grappling with the reversal of that tailwind.
Stock prices used were the afternoon prices of Nov. 7, 2022. The video was published on Nov. 8, 2022.
