Morgan Stanley sees nearly 40% downside risk for Carvana stock

Carvana (CVNA) PT Raised to $75 at Morgan Stanley

Morgan Stanley analyst Adam Jonas raised the price target on Carvana (NYSE: CVNA) to $75.00 (from $45.00) while maintaining a Underweight rating.

The analyst comments "With CVNA shares reaching $120 following a strong 1Q, we revisit the last time CVNA traded at $100 (April 2022) and assess where... More

Carvana (CVNA) PT Raised to $110 at TD Cowen

TD Cowen analyst John Blackledge raised the price target on Carvana (NYSE: CVNA) to $110.00 (from $70.00) while maintaining a Hold rating.

The analyst commented, "CVNA posted big beats across 1Q financial and KPI metrics. Rev grew 17.5% y/y 16% / 14% above our / cons. est... More

Carvana (CVNA) PT Raised to $110 at DA Davidson

DA Davidson analyst Michael Baker raised the price target on Carvana (NYSE: CVNA) to $110.00 (from $55.00) while maintaining a Neutral rating.... More

Midday movers: Carvana and Qualcomm rise; DoorDash, Fastly, Zillow fall

(Updated - May 2, 2024 11:09 AM EDT)

Investing.com -- Main U.S. indexes rose Thursday, as Fed Chair Jerome Powell largely dismissed the chances of additional rate hikes, boosting sentiment ahead of more key corporate earnings.

Here are some of the biggest U.S. stock movers today:

Moderna (NASDAQ: MRNA) stock rose 7% after the drugmaker posted a narrower-than-expected loss for the first quarter as the companys cost-cutting efforts took hold and sales of its Covid... More

Carvana (CVNA) PT Raised to $120 at Wedbush

Wedbush analyst Seth Basham raised the price target on Carvana (NYSE: CVNA) to $120.00 (from $80.00) while maintaining a Neutral rating.... More

Carvana (CVNA) PT Raised to $77 at Wells Fargo

Wells Fargo analyst Zachary Fadem raised the price target on Carvana (NYSE: CVNA) to $77.00 (from $60.00) while maintaining a Equal Weight rating.... More

Carvana (CVNA) PT Raised to $110 at Baird

(Updated - May 2, 2024 6:30 AM EDT)

Baird analyst Colin Sebastian raised the price target on Carvana (NYSE: CVNA) to $110.00 (from $65.00) while maintaining a Neutral rating.

The analyst commented: "We expect shares to trade significantly higher off strong Q1 results and... More

Carvana (CVNA) PT Raised to $130 at RBC Capital

(Updated - May 2, 2024 6:46 AM EDT)

RBC Capital analyst Brad Erickson raised the price target on Carvana (NYSE: CVNA) to $130.00 (from $90.00) while maintaining a Sector Perform rating.

The analyst comments "CVNA's Q1 report was pristine. As previewed, it meaningfully beat across all metrics... 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.