Carvana (CVNA) PT Raised to $150 at Jefferies
Jefferies analyst John Colantuoni raised the price target on Carvana (NYSE: CVNA) to $150.00 (from $130.00) while maintaining a Hold rating.
The analyst comments "CVNA (Hold) - Updating model to reflect 2Q results and outlook; increasing PT to $150 (from $130): Our 2025 Revenue estimate increases by 7% driven by upside to Unit growth from a renewed focus on delivering higher volume through improved production capacity and logistical capabilities. Our EBITDA estimate increases by 39% (from $1,143 to $1,588) from higher Revenue and more sustainable unit economics."