Carvana
inventory is falling in Wednesday trading, next a BofA Securities downgrade. The go comes following the inventory has swooned 97% so significantly this yr, despite the fact that BofA isn’t on your own in riding the utilized-vehicle seller’s drop.
Analyst Nat Schindler lower his rating on Carvana inventory (ticker: CVNA) to Neutral from Obtain, and slashed his value concentrate on to $10 from $43. He writes that the move arrives after Moody’s lower the company’s credit card debt score to detrimental final 7 days.
Carvana
inventory is falling in Wednesday trading, next a BofA Securities downgrade. The go comes following the inventory has swooned 97% so significantly this yr, despite the fact that BofA isn’t on your own in riding the utilized-vehicle seller’s drop.
Analyst Nat Schindler lower his rating on Carvana inventory (ticker: CVNA) to Neutral from Obtain, and slashed his value concentrate on to $10 from $43. He writes that the move arrives after Moody’s lower the company’s credit card debt score to detrimental final 7 days.
