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  "docSlug": "11e962264b36",
  "documentTitle": "Carvana Co. (CVNA)",
  "authorId": "54_Spruce_Point_Capital",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-03-01 00:00:00",
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  "pageNumber": 9,
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  "notes": "Includes visual indicators (red arrows) for downward price target revisions.",
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      "text": "This represents a weak risk/reward proposition to current and prospective Carvana shareholders.",
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      "text": "Price Target: 15%",
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      "text": "Six Carvana analysts have cut their price targets – some in a very material way – since we published our initial report. Given the recent irrational move up in Carvana's share price, there is currently only 15% upside to the average analyst price target, their bullish attitude towards the Company and its future notwithstanding. This represents a weak risk/reward proposition to current and prospective Carvana shareholders.",
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      "text": "Analysts Quietly Cut Price Targets On Carvana: Now A Very Unfavorable Risk/Reward Proposition",
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