Carvana (CVNA) is today’s Under 30-stock. In this segment Jenny Horne and Alex Coffey discuss the struggles of the online car retailer. Jenny breaks down the details of Morgan Stanley lowering Carvana’s (CVNA) price target from $105.00 to $75.00. George Tsillis joins the conversation and looks at Carvana (CVNA) recent market performance and says Carvana (CVNA) has fallen below pandemic lows. George explains possible reasons for the decline including e-commerce shock, inventory shock, recession shock, price shock. Alex and George discuss areas where Carvana (CVNA) appears to be losing money. Shares of Carvana (CVNA) were trading ~$19.89. It is trading down ~20% this week.
14 Jul 2022