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Barchart
Wajeeh Khan

Carvana Stock Pops as Mark Walter Share Sale Concerns Fade

Carvana (CVNA) stock closed meaningfully higher as new details surrounding billionaire investor Mark Walter’s ownership stake eased concerns of a potential forced sale.

Investors cheered CVNA as reports confirmed that Walter’s holding is pledged as collateral to Citi, dramatically lowering the immediate risk of large-scale open-market liquidation.

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