Why Carvana Stock Lost 29% in April
Shares of Carvana (NYSE: CVNA) pulled back again in April after the volatile online used car dealer continued to negotiate with its bondholders, and the economy showed signs of risk from the banking crisis and rising interest rates.
According to data from S&P Global Market Intelligence, the stock finished the month down 29%. As the chart below shows, much of those losses came in the last week of the month, even though there was no company-specific news out on Carvana then.
Source Fool.com
Carvana Co. Stock
€113.06
2.820%
Currently there is a rather negative sentiment for Carvana Co. with 3 Buy predictions and 7 Sell predictions..
The target price of 33 € compared with the current price of 113.06 € for the stock indicates a negative potential of -70.81%.
