Carvana Announces Record First Quarter 2024 Results

Carvana (CVNA) PT Raised to $108 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner raised the price target on Carvana (NYSE: CVNA) to $108.00 (from $66.00) while maintaining a Hold rating.

The analyst comments "Yesterdays considerable positive stock reaction to Carvanas Q1 print, in our view, reflects market enthusiasm around the companys reiteration of positive momentum heading into rest of year, as it demonstrates... More

JPMorgan Upgrades Carvana (CVNA) to Overweight

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

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.

Carvana stock rockets over 30% after 'best results in company history'

Carvana Co. (NYSE: CVNA) reported on Wednesday first-quarter earnings that smashed analyst expectations, leading to a stock price surge of more than 33% in after-hours trading.

The used car retailer reported earnings per share (EPS) of $0.23 for the quarter, significantly surpassing the consensus expectation of a $0.67 loss per share. The company... More