Why Carvana Co. (CVNA) Went Down On Thursday?
From Yahoo Finance: 2025-04-04 07:12:00
Wall Street suffered a bloodbath as investors reacted to Trump’s tariff rollout, with Nasdaq down 6%, S&P 500 down 4.84%, and Dow Jones down 3.98%. Ten stocks, mostly in retail, mirrored market pessimism. Carvana Co. (CVNA) saw a 19.68% drop after CFO sold shares amid market concerns.
CVNA CFO sold $9.1 million in shares, acquiring $1.6 million, leading to a price drop. CVNA received “overweight” rating from Morgan Stanley with a $280 price target. Despite potential, AI stocks may offer higher returns in shorter time frames, with one AI stock showing promise for the future.
Jenkins now holds 214,678 shares in CVNA after recent transactions. AI stocks may be more promising investments than CVNA, with potential for higher returns in shorter time frames. Investors looking for AI stocks with strong potential can explore the report on the cheapest AI stock available.