Carvana cuts 8% of workforce on slowing used-car demand

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Cowen Downgrades Carvana (CVNA) to Market Perform

November 21, 2022 4:21 PM EST

Cowen analyst John Blackledge downgraded Carvana (NYSE: CVNA) from Outperform to Market Perform with a price target of $10.00.

The analyst comments "We are downgrading CVNA to Market Perform as industry & macro headwinds have impacted unit growth and revenue trajectory while lengthening the path to... More