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Why Carvana Stock Is Sinking Today

TheMotleyFool

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Shares of Carvana (NYSE: CVNA), an online used car retailer, were falling today after an analyst at RBC Capital downgraded the company's stock and cut his price target.

The automotive stock fell by as much as 10.9% today and was down by 9.2% as of 2:21 p.m. ET.

RBC Capital analyst Brad Erickson said in a research note today that he's downgrading Carvana's stock from outperform to sector perform and lowered his price target for the stock from $155 down to $138.

Source Fool.com

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