Carvana's stock fluctuates amid industry challenges, and analysts are divided on its climb from doubt to potential.
Ernie Garcia III, Carvana's chief executive officer, and his father, Ernie Garcia II, have lost billions as the company's stocks continue to fall.
Shares of the online used car retailer have plummeted more than 50% over the past two trading days.
The automotive retailer Carvana Co. announced it will be laying off over 2,000 workers, about 12% of its workforce, in efforts to align expenses with sales.
El minorista automotriz Carvana Co. anunció que despedirá a más de 2000 trabajadores, alrededor del 12 % de su fuerza laboral, en un esfuerzo por alinear los gastos con las ventas.