On October 13, Carvana Co. fell 3.29% in regular trading, trading at $61.635 per share, with turnover of $153 million.

The decline came after Barclays lowered its price target on Carvana to $80 from $93, while maintaining an Overweight rating. Although the revised target remains above the current stock price, the 14% reduction in the price target weighed on short-term sentiment.

According to FactSet data, analysts' average rating on Carvana is Overweight, with a mean price target of $83.31. Carvana operates a leading e-commerce platform for buying and selling used cars, offering a one-stop experience spanning vehicle selection, inspection, financing, and delivery through broad selection, transparent pricing, and an online transaction process.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)