Form SC 13G/A CARVANA CO. Filed by: BAILLIE GIFFORD & CO

Go back to Form SC 13G/A CARVANA CO. Filed by: BAILLIE GIFFORD & CO

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 EDT

Evercore 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