Carvana’s share price, down 95% since the peak of the pandemic, hits another roadblock

Few stocks suffered more after interest rates started to rise than the online used-car seller carvana its shares are down 95% since their pandemic peak in August 2021.

Shares in Carvana lost their final leg, falling by a third in June and continuing to fall in July, due to a hitch in its strategy: investor demand cooled for its customer loans, a major source of income.