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Used-car retailer Carvana slumps after Wedbush says bankruptcy risk rising

Dec 7 (Reuters) – Shares of Carvana Co (CVNA.N) fell 40% in morning trade on Wednesday after Wedbush raised the possibility of a debt default by the used-car retailer, which would increase the risk of bankruptcy, and cut its price target to a Wall Street low of $1. Brokerage Wedbush also downgraded …

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