{"id":139016,"date":"2025-10-22T20:15:24","date_gmt":"2025-10-22T20:15:24","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/139016\/"},"modified":"2025-10-22T20:15:24","modified_gmt":"2025-10-22T20:15:24","slug":"retail-traders-hit-the-sell-button-on-quantum-computing-stocks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/139016\/","title":{"rendered":"Retail traders hit the sell button on quantum computing stocks"},"content":{"rendered":"<p><a class=\"css-g65o95\" href=\"https:\/\/sherwood.news\/markets\/carvana-plunges-as-investors-respond-to-another-subprime-lenders-bankruptcy\/\" rel=\"nofollow noopener\" target=\"_blank\">Carvana plunges as investors respond to another subprime lender\u2019s bankruptcy filing<\/a><\/p>\n<p class=\"css-14ve0pc\">Used car retailer <a class=\"inline-stock css-1iix00n\" href=\"https:\/\/robinhood.com\/us\/en\/stocks\/CVNA\/?source=sherwood\" rel=\"nofollow noopener\" target=\"_blank\">Carvana<\/a> is plunging on Wednesday, with the stock on pace for its worst day since auto tariffs took effect in April.<\/p>\n<p class=\"css-14ve0pc\">Likely spooking investors is a fresh <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-22\/subprime-lender-primalend-enters-bankruptcy-after-bond-default\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">bankruptcy filing<\/a> by PrimaLend, which specializes in financing for dealerships focused on subprime borrowers (customers with lower credit scores, typically below 600, as defined by Experian). The news follows last month\u2019s bankruptcy filing by another subprime auto lender, Tricolor Holdings.<\/p>\n<p class=\"css-14ve0pc\">Carvana doesn\u2019t appear to work directly with PrimaLend, but it does likely have significant exposure to subprime loans. According to a January report by Hindenburg Research, which was shorting Carvana, 44% of the loans Carvana packages into asset-backed securities (ABS) are classified as non-prime (601-660 credit scores). More than 80% of its recent non-prime ABS deals had average FICO scores in the \u201cdeep subprime\u201d range, or the riskiest levels, according to the <a href=\"https:\/\/hindenburgresearch.com\/carvana\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">report<\/a>. Carvana at the time called the report &#8220;intentionally misleading and inaccurate.\u201d<\/p>\n<p class=\"css-14ve0pc\">Carvana has massive growth goals, saying earlier this year that it aims to sell 3 million retail units per year within 5 to 10 years (Wall Street expects it to sell about 580,000 units this year). Lower-income buyers could be a significant part of that growth.<\/p>\n<p class=\"css-14ve0pc\">Following Tricolor\u2019s implosion last month, JPMorgan CEO Jamie Dimon said: \u201cWhen you see one cockroach, there are probably more. Everyone should be forewarned on this one.\u201d With investors pouring out of Carvana on Tuesday, it seems Wall Street isn\u2019t taking that warning lightly. <\/p>\n<p class=\"css-14ve0pc\">There is likely also some momentum pullback baked into Carvana\u2019s drop: The stock, which has been a favorite among retail traders, is still up 58% this year, even after Wednesday\u2019s drop.<\/p>\n","protected":false},"excerpt":{"rendered":"Carvana plunges as investors respond to another subprime lender\u2019s bankruptcy filing Used car retailer Carvana is plunging on&hellip;\n","protected":false},"author":2,"featured_media":85684,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[262],"tags":[314,18,19,17,82],"class_list":{"0":"post-139016","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-technology"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/139016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=139016"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/139016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/85684"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=139016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=139016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=139016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}