Raymond James Is Souring on Carvana (CVNA) Stock

Online vehicle retailer Carvana (NYSE:CVNA) won the pandemic with its inherently minimal-contact business. However, market experts now question whether CVNA stock can win the post-pandemic cycle of high inflation and high interest rates.According to a Barron’s report, analysts at Raymond James — led by Mitch Ingles — wrote earlier on Friday that all the “good news seems already reflected in the stock price.” In addition, near-term growth for Carvana faces threats from consumers’ inability to afford cars. Wh ...