Carvana Co. (NYSE:CVNA) shares are trading lower Tuesday. The stock appears to be moving on continued downward momentum and is down 10% over the last five days.
What To Know:
Carvana shares are down nearly 5% on Tuesday and down 10% over the last five days.
Analysts appear to be split on the future of the company. On Friday, Morgan Stanley analyst Adam Jonas maintained Carvana with an Underweight and raised the price target on CVNA from $35 to $37. On Monday, JMP Securities analyst Nicholas Jones reiterated Carvana with a Market Outperform and maintained a $60 price target.
Carvana has received significant interest from both retail investors and short-sellers. According to data from Benzinga Pro, 47.71% of available CVNA shares are being sold short.
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CVNA Price Action: According to Benzinga Pro, Carvana shares are trading 3.83% lower at $39.52 at the time of publication.
Image: Courtesy of Carvana Co.
