Popular stocks with increasing volume: NIO CVNA ATVI AMC OXY

Go back to Popular stocks with increasing volume: NIO CVNA ATVI AMC OXY

Carvana (CVNA) PT Lowered to $5 at JPMorgan

December 7, 2022 11:24 AM EST

JPMorgan 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 EST

Carvana Co. (NYSE: CVNA) Halted on Circuit Breaker, Off Worst Level

... More