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00:02Carvana shares fell more than 7% Tuesday following reports that billionaire investor Mark Walter
00:09could sell his stake amid a Justice Department investigation into his investment operations,
00:14according to Bloomberg. Walter reportedly held a 4% stake in Carvana through Keyvan Holdings
00:20as of June 30th. A market strategist told Bloomberg that concerns about a potential sale
00:26are contributing to selling pressure. Carvana also faced broader market volatility after Trump
00:32declined to extend the U.S.-Iran ceasefire, sending crude oil prices higher. Rising fuel costs can
00:38pressure consumer spending on vehicles, while crude-driven inflation can keep interest rates
00:42elevated and increase auto loan payments. Shares were up by 0.84% at $65.55 in Wednesday's
00:50pre-market trading, according to Benzinga Prodata. For all things money, visit Benzinga.com.
00:56is that he's going to move on to the Durian 2021 budget for success. He's going to be
00:56kind of a question that he really wants to pay for. He's going to be in front of a
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