Why Cars.com and KAR Auction Dropped by Double Digits While Carvana Popped 10%
Shares of Cars.com (NYSE: CARS), KAR Auction Services (NYSE: KAR), and Carvana (NYSE: CVNA), are trading all over the map Thursday as Cars.com and KAR Auction are down 18% and 11%, respectively, while Carvana is up 10% on a wealth of earnings reports and a sign of optimism from Lyft (NASDAQ: LYFT). Carvana has had quite the trading day as it opened 10% lower before recovering to a 10% gain by Thursday afternoon.