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BofA downgrades Carvana to Neutral, citing near-term risks but sees long-term growth potential.

Market News
06 Apr 2026
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Neutral
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Bank of America lowered its rating on Carvana to Neutral due to macroeconomic pressures like rising US Treasury yields, higher gas prices, and tougher competition. These factors may limit near-term profit and unit growth despite Carvana's strong operational execution. However, BofA remains optimistic about Carvana's long-term prospects, highlighting its growing market share and efficient cost management. The price target was adjusted down to $360 from $400, with the stock trading at $313.91.

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