Needham analyst Chris Pierce downgraded Carvana to Hold from Buy without a price target. The analyst has low confidence on the company’s path forward after Bloomberg reported that creditors are mobilizing and unifying ahead of a potential bankruptcy filing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CVNA: