Carvana Craters 10% on CarMax Contagion — Overreaction or Industry Meltdown?

Carvana just became the worst performer on the S&P 500, cratering over 10% in a single day—all without releasing a single piece of bad news. Instead, the digital auto giant got completely dragged down by competitor CarMax's disastrous earnings report, flashing a warning sign for the entire used car industry. Compounding the drama, a Carvana director perfectly timed a $1 million stock dump just two days prior. In this episode, we break down whether this crash is a massive overreaction to collateral damage, or if the used car boom has officially run out of gas. Tune in to find out if Carvana’s digital model can leverage this downturn to steal market share, or if the industry-wide squeeze will drag it down further.