Baird Starts Carvana (CVNA) at Outperform; 'Amazon of Used Cars'

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UPDATE: BofA/Merrill Lynch Starts Carvana (CVNA) at Buy, $25 PO; 'Strong Growth Potential'

May 23, 2017 7:39 AM EDT

(Updated - May 23, 2017 9:12 AM EDT)

BofA/Merrill Lynch initiates coverage on Carvana (NYSE: CVNA) with a Buy rating and a price objective of $25.00, following an update of the company's business.

Analyst Nat Schindler notes the company maintains significant growth upside... More

Citi Starts Carvana (CVNA) at Buy; Working Toward ~$3K Gross Profit Per Unit

May 23, 2017 6:54 AM EDT

Citi initiates coverage on Carvana (NYSE: CVNA) with a Buy rating and a price target of $17.00.

Analyst Mark Kelley said unit and revenue growth opportunity is more than attainable if the company is able to continue the execution it achieved in its most... More

BMO Capital Starts Carvana (CVNA) at Outperform; 'Disruptor With a Large TAM & Improving Unit Economics'

May 23, 2017 6:05 AM EDT

BMO Capital initiates coverage on Carvana (NYSE: CVNA) with a Outperform rating and a price target of $15.00.

Analyst Dan Salmon said the company's success in early markets shows that the used car industry is ready for eCommerce disruption.

Salmo said the company... More

Deutsche Bank Starts Carvana (CVNA) at Buy; Positive on Model and Risk/Reward

May 23, 2017 5:59 AM EDT

Deutsche Bank initiates coverage on Carvana (NYSE: CVNA) with a Buy rating and a price target of $22, calling it a credible business model with compelling risk/reward.

Analyst Mike Levin notes the company is growing rapidly (~150% growth per year the next two years)... More

Wells Fargo Starts Carvana (CVNA) at Outperform; Confidence in Growth Model

May 23, 2017 5:45 AM EDT

Wells Fargo initiates coverage on Carvana (NYSE: CVNA) with a Outperform rating and a price target of $19.00.

Analyst Richard Kwas has conviction in the company's growth model based: (1) most markets the company has entered are showing growth trajectories that are... More

Craig-Hallum Starts Carvana (CVNA) at Buy

May 22, 2017 7:48 AM EDT

Craig-Hallum initiates coverage on Carvana (NYSE: CVNA) with a Buy rating and a price target of $16.00.

For an analyst ratings summary and ratings history on Carvana click here. For more ratings news on Carvana click here.

Shares of Carvana closed at $11.40 yesterday.

... More