Carvana stock crashes nearly 40% as Morgan Stanley sets $0.10/share bear case (update)

Nov. 04, 2022 4:00 PM ETCarvana Co. (CVNA)By: Kevin P. Curran, SA News Editor141 Comments

Carvana used car vending machine. Carvana is an online only preowned and used car dealership VI

jetcityimage/iStock Editorial via Getty Images

Carvana (NYSE:CVNA) stock cratered on Friday after a disappointing Q3 earnings release and outlook that raised bankruptcy worries.

While Morgan Stanley’s Adam Jonas has long been largely supportive of the Carvana (CVNA

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