Carvana shares are trading lower after Exane BNP Paribas downgraded the stock from Outperform to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Carvana's stock has been downgraded from Outperform to Neutral by Exane BNP Paribas, leading to a decrease in the company's share price.
October 12, 2023 | 2:37 pm
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NEGATIVE IMPACT
Carvana's stock was downgraded by Exane BNP Paribas, which has resulted in a decrease in the company's share price.
The downgrade of Carvana's stock by Exane BNP Paribas from Outperform to Neutral indicates a less optimistic outlook for the company's stock performance. This has led to a decrease in the company's share price, which is likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100