Carvana is trading at $56.30, down -4.13%; no confirmed Carvana-specific event directly explains the October 23 intraday drop, with broader risk-off trading the clearest context. - Markets faced pressure from Middle East tensions and elevated oil prices, while consumer discretionary stocks also declined. - Wells Fargo lowered its price target to $75 from $80, citing higher rates and margin headwinds weighing on near-term sentiment. The report does not attribute today’s move to the change.