Carvana 'Has A Lot To Prove': Wall Street Analyst Is Bearish Amid Used Car Price Challenges

Carvana ‘Has A Lot To Prove’: Wall Street Analyst Is Bearish Amid Used Car Price Challenges

August 13, 2023

in Stocks

Reading Time: 2 mins read

Carvana Co. (NYSE:CVNA) has successfully ramped up its cash reserves by trimming costs.

Yet the ongoing turbulence in the used car sector has Morgan Stanley analyst Adam Jonas pondering the sustainability of Carvana’s overarching strategy.

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Carvana ‘Has A Lot To Prove’: Wall Street Analyst Is Bearish Amid Used Car Price Challenges

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Carvana ‘Has A Lot To Prove’: Wall Street Analyst Is Bearish Amid Used Car Price Challenges

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