Shares of online used car dealer Carvana Co. (CVNA) were recently downgraded by a Wedbush analyst to Neutral from Outperform. Moreover, JMP Securities' analysts reduced CVNA's price target from $70.00 to $45.00.
On the other hand, on September 29, 2022, Levi & Korsinsky, LLP notified CVNA's investors of a class action securities lawsuit. This lawsuit aims to recover losses on behalf of CVNA's investors adversely affected by alleged securities fraud between May 6, 2020, and June 24, 2022.
