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Carvana plunges as Apollo-Pimco creditor truce creates stock doubts

Bloomberg News

Carvana Co. plunged on Wednesday as Wall Street’s pessimism spread on its shares after the online car dealer’s largest creditors signed a deal to act together in negotiations with the company. Its stock tumbled as much as 47%, the most on record, after Wedbush analyst Seth Basham slashed his 12-month forecast on the stock by […]

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