finance
Carvana shares drop as market falls
Carvana Co. shares traded lower on Tuesday following a 5-for-1 stock split and strong first-quarter results. The decline occurred as major indexes posted modest losses.
May 19, 1:56 PM·1m read1 source
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Carvana Co. shares traded lower on Tuesday. The decline followed a broader market pullback. 20 percent.
Carvana completed a 5-for-1 stock split that took effect at the market open on May 8. The adjustment produced the mechanical share-price change observed on Tuesday.
The split followed Carvana's first-quarter earnings report.
08 billion. 69 per share. Price levels and technical trends for the stock were not detailed in the report.
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