Ally Increases Financing of Retail Contracts for Carvana to $2 Billion
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Carvana (CVNA) PT Lowered to $17 at Baird; Reiterates Outperform
November 8, 2017 8:37 AM ESTBaird lowered its price target on Carvana (NYSE: CVNA) to $17.00 (from $22.00) while maintaining a Outperform rating following the company's 3Q earnings report. Revenues increased 128% Y/Y to $225.4M (vs. 142% growth in Q2), at the low end of guidance, but below consensus expectations of... More
