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VRM - Why Carvana and Vroom Shares Plunged 10% Thursday
Vroom Inc.
Shares of Carvana(NYSE: CVNA), and Vroom(NASDAQ: VRM), two well-known online used-car platforms, declined over 10% Thursday as the broader markets were pounded. But is there more to be concerned about with these two car-selling stocks?
The Dow Jones Industrial Average and Nasdaq plunged 2.8% and 5%, respectively, on Thursday as investors appeared to take some profits following a strong recovery since the late March coronavirus-fueled sell-off.