Key facts
- Carvana stock is experiencing high trading volume.
- Concerns about the subprime auto loan market are driving Carvana's trading activity.
- Carvana and AutoNation each sell over 100,000 cars per quarter.
- Carvana traded $435 million in volume today.
- AutoNation traded $15 million in volume today.
Carvana and AutoNation, two major auto retailers, both report selling over 100,000 vehicles each quarter. Today, Carvana experienced significant trading activity, with $435 million in volume, largely attributed to investor anxiety surrounding the subprime auto loan market. In contrast, AutoNation saw considerably less activity, trading only $15 million.