Popular stocks with increasing volume: NIO CVNA ATVI AMC OXY
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Carvana (CVNA) PT Lowered to $5 at JPMorgan
December 7, 2022 11:24 AM ESTJPMorgan analyst Rajat Gupta lowered the price target on Carvana (NYSE: CVNA) to $5.00 (from $10.00) while maintaining a Neutral rating.
The analyst comments "Yesterday, Bloomberg reported that some of CVNAs largest creditors, that combined own ~70% (or ~$4 bn) of outstanding unsecured debt have signed a pact that binds them to act together in negotiations with the company for at least three months. In our view, the pact suggests that CVNA may have initiated debt restructuring negotiations with bond holders as there seems to be little end in sight for ongoing used car market... More
Carvana Co. (CVNA) Halted on Circuit Breaker, Off Worst Level
December 7, 2022 10:59 AM ESTCarvana Co. (NYSE: CVNA) Halted on Circuit Breaker, Off Worst Level
