5 Stocks Wall Street Analysts Expect to Dive The Most

2. Carvana Co. (NYSE:CVNA)

Share Price Downside: 59%

Carvana Co. (NYSE:CVNA) is an American company that operates an electronic commerce platform that enables users to buy and sell used vehicles. Its latest analyst coverage came from the investment bank JPMorgan, which cut the stock’s rating to Underweight from Neutral on July 13, 2023 – sending the shares tumbling by 3%.

Insider Monkey dug through 943 hedge fund portfolios to see what stocks they had piled into for 2023’s March quarter. This revealed that 33 had invested in Carvana Co. (NYSE:CVNA), and the largest shareholder was Zachary Sternberg and Benjamin Stein’s Spruce House Investment Management with a $97 million investment.

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