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Carvana Pulls The Emergency Brake As Online Car Sellers Collapse

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Carvana (CVNA), ACV Auctions (ACVA) and CarGurus (CARG) all showed serious chart damage after generally disappointing guidance in their fourth-quarter reports on Wednesday and Thursday. Carvana stock and ACVA stock broke further below crucial levels of support on Friday. CarGurus stock joined the carnage on Friday, after reporting late Thursday. The earnings reports offered different insights into the online used…

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