Carvana’s Unwinding Triggers Cascade of Warnings on Wall Street

Company shares have plummeted 97% this year

© 2022 Bloomberg L.P.

As online used-car dealer Carvana Co.’s share price unwinds at a fever pitch, Wall Street analysts are slashing targets and warning conditions could worsen. With the company’s shares spiraling down a staggering 97% this year, analysts’ average price targets struggled to keep pace, despite coming down sharply. That changed this month, and in just the […]

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