Carvana (CVNA) May weekly option implied volatility into quarter results

Go back to Carvana (CVNA) May weekly option implied volatility into quarter results

JPMorgan Upgrades Carvana (CVNA) to Overweight

May 2, 2024 5:45 AM EDT

JPMorgan analyst Rajat Gupta upgraded Carvana (NYSE: CVNA) from Neutral to Overweight with a price target of $130.00 (from $70.00).

The analyst comments "We move to OW from N on CVNA shares after the company delivered another strong print with above seasonal unit growth and further improvement in unit economics. Adjusted EBITDA of $235 mn in 1Q24 was ahead of our street high $180 mn (and vs. cons of $131 mn) with implied 2Q guide of $235 mn+ also well ahead of prior JPM/cons of $172/$136 mn. The rapid... More

Carvana (CVNA) PT Raised to $103 at Evercore ISI

May 2, 2024 5:34 AM EDT

Evercore ISI analyst Michael Montani raised the price target on Carvana (NYSE: CVNA) to $103.00 (from $77.00) while maintaining a In Line rating.

... More