Description: Shares of Carvana were briefly halted Monday morning due to volatility, down by as much as 24% at one point to below $7 per share — its lowest point on record.
Date: Nov 07, 2022
Questions for discussion:
- Explain the company’s rapid decline in stock value, from a marketing point of view?
- What are the primary factors that determine demand and supply for this market?
- What would you advise the firm do to deal with the situation?