Analysts Are Downgrading These 5 Stocks on Friday

4. Carvana Co. (NYSE:CVNA) was downgraded from a Buy to a Hold rating by John Colantuoni at Jefferies. The analyst also reduced the target price on Carvana Co. (NYSE:CVNA) from $150 to $40. The revised target price provides a modest potential upside of 6.95% from yesterday’s closing price. The analyst thinks that the upside potential of the shares “could be capped until liquidity concerns subside.” Carvana Co. (NYSE:CVNA) stock has lost more than 90% of its value from the August 2021 high of $377. This supports bears’ concern about the long-term sustainability of the company’s business model and its ability to balance growth and profitability.

Out of the 924 hedge funds covered by Insider Monkey, 56 funds held a stake in Carvana Co. (NYSE:CVNA) at the end of Q4 2021.