Carvana Stock Drops After Analyst Downgrade Amid Competitor Bankruptcy
- Carvana shares down Thursday following bearish analyst coverage from Exane BNP Paribas
- Analyst downgraded Carvana from Outperform to Neutral rating
- Carvana stock surged over 600% year-to-date before downgrade
- Downgrade comes after competitor Shift Technologies filed for bankruptcy
- Carvana will report Q3 earnings after market close on November 2
