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Benzinga
Benzinga
Business
Chris Katje

After A 97% Fall, Could Carvana Shares Be Heading To 10 Cents? Here's Why One Analyst Thinks So

Carvana Adam Jonas CVNA Carvana Co. ( NYSE

Online used car company Carvana Co (NYSE:CVNA) has had a rough year in 2022 with shares down 97%. One analyst was throwing in the towel and thought shares could actually fall further.

The Carvana Analyst: Morgan Stanley analyst Adam Jonas removed his rating and price target for Carvana. The analyst previously had an Equal Weight rating and a price target of $68.

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