Carvana Stock Falls Amid Concerns About Walter Probe -- WSJ
Dow Jones2026/08/18 19:34By WSJ Staff
Shares of Carvana dropped about 6.3% Tuesday as worries swirl that a federal investigation into one of its investors, Mark Walter, could lead to the billionaire selling his stake of the used car retailer. After falling yesterday, Carvana shares are now down about 13% this week. One market strategist told Bloomberg that the expectation that Walter might sell his stake is contributing to weakness in Carvana shares.
Read more on the probe and Walter's business and sports empire here.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 18, 2026 15:34 ET (19:34 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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