Key Points There are no truly safe stocks, but there are plenty of risky ones.Carvana's valuation is in the stratosphere, and ...

Summary Shares of Carvana have lost nearly 65% from 52-week highs near $380, with losses accelerating in 2022. The fall helps to reduce Carvana's valuation risk, but fundamental risks remain.

Piper Sandler downgraded Carvana (CVNA) to a Neutral rating from Overweight on a valuation call following the recent share price rally and debt restructuring development. Read more.