Why Carvana Co. (CVNA) Went Down On Thursday?

We recently published a list of 10 Firms Take a Beating on Tariff Worries. In this article, we are going to take a look at where Carvana Co. (NYSE:CVNA) stands against other Thursday’s worst performers.

Wall Street’s three major indices suffered a bloodbath on Thursday as investors continued to digest news of President Donald Trump’s tariff rollout on imports.

The tech-heavy Nasdaq fell the heaviest, down by nearly 6 percent. The S&P 500 dropped by 4.84 percent and the Dow Jones was down by 3.98 percent.

Ten individual stocks, predominantly under the retail sector, mirrored a broader market pessimism, finishing the day in the negative territory as investors sold off positions to mitigate risks.

In this article, we named Thursday’s worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with $2-billion market capitalization and $5 million in trading volume.

A customer buying a used car with the help of a finance specialist.

Carvana Co. (NYSE:CVNA)

Carvana Co. saw its share prices decline by 19.68 percent on Thursday to end at $181.79 apiece as investors sold off positions amid the overall market pessimism and news that its chief finance officer disposed of a significant stake in the company.

Mark W. Jenkins, CVNA’s chief finance officer, said he sold approximately $9.1 million CVNA common shares at a price ranging from $203.02 to $213.10 apiece and acquired as much as $1.6 million.

The shares were bought at a price of $10.07 and $51.97 apiece.

Following the two transactions, Jenkins now holds 214,678 shares in CVNA.

In recent news, CVNA received an “overweight” rating from Morgan Stanley, a revision from the “equal weight” previously. It also earned a $280 price target from the analyst, an improvement from the $260 prior.

Overall, CVNA ranks 10th on our list of Thursday’s worst performers. While we acknowledge the potential of CVNA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CVNA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.