Sell Carvana as the company's current tailwinds aren't sustainable, Jefferies says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Carvana stock could be poised for a 32% slump as profitability proves to be unsustainable, according to Jefferies.

Carvana stock may be getting ahead of itself, according to Jefferies. The firm downgraded shares of the secondary vehicle market stock to underperform from hold on Sunday. Jefferies also slashed its price target to $30 from $55, implying downside of nearly 32% from Friday's close. Carvana has been on fire this year with a nearly 830% jump.

mountain Carvana has surged nearly 830% in 2023. However, analyst John Colantuoni said Wall Street seems to be overestimating how long Carvana can sustain its recent higher profitability metrics, which merely reflect "transitory tailwinds that will abate in the coming quarters.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인