Form SC 13G/A CARVANA CO. Filed by: BAILLIE GIFFORD & CO
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Evercore ISI Negative on Carvana (CVNA): 'Our latest web traffic tracker shows a trend of ~40% declines in web traffic to Carvana’s site'
June 8, 2023 9:11 AM EDTEvercore ISI analyst Michael Montani reiterated an In Line rating and $12.00 price target on Carvana (NYSE: CVNA).
The analyst comments "Carvanas 2Q outlook for positive adjusted EBITDA shows that it is taking difficult but necessary actions to sustain the brand. The companys updated outlook for above $50mn of positive 2Q adj. EBITDA compares to the prior... More
