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Carvana spooks market by moving up results, stock sinks 10%

Shares of Carvana Co. dropped more than 10% in the extended session Tuesday after the online auto retailer spooked markets by moving forward its quarterly results.

Carvana
CVNA,
+8.95%
said that it will report second-quarter numbers before the bell Wednesday, a full two weeks ahead of their previously scheduled release.

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This article was written by Follow Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He...