Downgrades Outperform Mkt Perform X

CVNA Carvana

Cowen

$10

Reiterated Outperform X

CVNA Carvana

Cowen

$81 $85

Initiated Outperform X

CVNA Carvana

Cowen

$81

CVNA  Carvana Co. Class A

Carvana Co. is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices. The Company’s transaction technologies and online platform transform a traditionally time consuming process by allowing customers to secure financing, complete a purchase and schedule delivery online.