CVNA - Hot Stocks: Russia stocks fall; TPX disappoints; KMX CVNA hit lows; MTOR HMHC rally on M&A deals

The growing clash between Russia and Ukraine put pressure on stocks on Tuesday. A late-day recovery allowed the major averages to trim their losses, but the Dow, Nasdaq and S&P 500 all finished lower by more than 1%. With Russia acting as the prime mover on the session, stocks tied to the country scored some of the biggest losses. ETFs related to the Vladimir Putin-led nation flirted with double-digit percentage declines. Meanwhile, stocks like Cian (NYSE:CIAN), Mechel (NYSE:MTL), Gazprom (OTCPK:OGZPY) and Sberbank of Russia (OTCPK:SBRCY) all staged substantial retreats. Tempur Sealy (NYSE:TPX) also posted a standout decline on the day. Shares of the mattress maker plunged on a disappointing earnings report. Meanwhile, changing dynamics in the used car market put further pressure on CarMax (NYSE:KMX) and Carvana (NYSE:CVNA), which both slipped to new 52-week lows. Turning to some of the notable gainers on the day, M&A activity provided a key

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Hot Stocks: Russia stocks fall; TPX disappoints; KMX, CVNA hit lows; MTOR, HMHC rally on M&A deals