Carvana Announces Third Quarter 2021 Results

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Carvana (CVNA) PT Lowered to $378 at Needham & Company

November 5, 2021 8:07 AM EDT

Needham & Company analyst Chris Pierce lowered the price target on Carvana (NYSE: CVNA) to $378.00 (from $421.00) while maintaining a Buy rating.

The analyst commented, "We reiterate our Buy rating on CVNA while lowering our price target to $378, applying a lower multiple (30x, vs... More

Carvana Co. (CVNA) Q3 Revenues Beat

November 4, 2021 4:17 PM EDT

Carvana Co. (NYSE: CVNA) reported Q3 revenue of $3.48 billion versus the consensus estimate of $3.25 billion.

Retail Units Sold of 111,949, an increase of 74% YoYTotal Gross Profit per Unit of $4,672, an increase of $616 YoY

The third quarter was another great quarter for... More