Carvana ( NYSE: CVNA ) shares were halted for volatility on Friday afternoon after falling about 15% in a matter of minutes.
At about 1:05 PM ET, shares of the Arizona-based online auto seller fell about 8% . Only 10 minutes later, the stock slipped about another 7.5% only to be halted.
The stock resumed trading at about 1:19 PM ET, rebounding thereafter. The stock is nonetheless on pace toward a double-digit drop on the day, breaking a streak of strong daily gains for the debt-laden e-commerce company.
Read more on reports of further layoffs in progress at the company .
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Carvana halted for volatility after flash 15% crash