Carvana Co. (CVNA) 30-day option implied volatility above 170 amid wide price movement

Go back to Carvana Co. (CVNA) 30-day option implied volatility above 170 amid wide price movement

Carvana (CVNA) PT Raised to Street High $25 at Citi 'to account for improving operations'

June 9, 2023 6:47 AM EDT

Citi analyst Ronald Josey raised the price target on Carvana (NYSE: CVNA) to $25.00 (from $11.00) while maintaining a Neutral rating.

The analyst comments "Yesterday, Carvana announced that it now expects its 2Q23 non-GAAP GPU to reach $6K+ ($1K above its prior guide)... More