And among them, Carvana (NYSE: CVNA) was absolutely hammered. Aggressive interest rate hikes by the Federal Reserve and other major central banks to help cool inflation that was at 40-year highs deserve some blame as they quickly shrunk valuation multiples for many stocks. And since the business usually turns around and sells the auto loans it approves for its customers to third-party institutional investors, more-restrictive capital markets hurt the company's prospects.