Carvana (CVNA) PT Raised to $50 at JMP Securities

July 11, 2023 4:30 PM EDT
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Price: $40.07 +13.84%

Rating Summary:
    2 Buy, 32 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 20 | New: 31
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JMP Securities analyst Nicholas Jones raised the price target on Carvana (NYSE: CVNA) to $50.00 (from $25.00) while maintaining a Market Outperform rating.

The analyst said the company appears to be heading in the right direction as it progresses toward positive adj. EBITDA and positive free cash flow.

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