Carvana Announces Industry-Leading Second Quarter 2024 Results
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Carvana (CVNA) PT Raised to $110 at Morgan Stanley
August 1, 2024 6:51 AM EDTMorgan Stanley analyst Adam Jonas raised the price target on Carvana (NYSE: CVNA) to $110.00 (from $75.00) while maintaining a Underweight rating.
The analyst comments "CVNA deserves a ton of credit for righting the ship and demonstrating strong operating leverage as the company... More
Carvana (CVNA) PT Raised to $200 at Needham
August 1, 2024 6:48 AM EDTNeedham analyst Chris Pierce raised the price target on Carvana (NYSE: CVNA) to $200.00 (from $160.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and raise our price target to $200 post 2Q results and commentary. CVNA is proving... More
Carvana (CVNA) PT Raised to $170 at RBC Capital
August 1, 2024 6:22 AM EDTRBC Capital analyst Brad Erickson raised the price target on Carvana (NYSE: CVNA) to $170.00 (from $130.00) while maintaining a Sector Perform rating.
The analyst comments "As previewed, CVNA delivered another sterling quarter. The company continues to exceed expectations as per unit profitability... More
Carvana (CVNA) PT Raised to $188 at BTIG
August 1, 2024 6:08 AM EDTBTIG analyst Marvin Fong raised the price target on Carvana (NYSE: CVNA) to $188.00 (from $155.00) while maintaining a Buy rating.
The analyst comments "CVNA handily exceeded high expectations, delivering healthy beats across almost every important metric. Retail units rose 33% y/y to 101,440. The Street was at 95,100 but we believe buy-side expectations were at ~100,000. Where CVNA really surprised was on GPU, particularly front-end margins. Non-GAAP Retail GPU came in at $3,539, up $328 q/q. By comparison, AutoNation (AN, Not Rated), which printed a very well-received quarter on Wednesday, increased front-end used car profit by $165, barely... More
Carvana (CVNA) PT Raised to $185 at JPMorgan
August 1, 2024 5:14 AM EDTJPMorgan analyst Rajat Gupta raised the price target on Carvana (NYSE: CVNA) to $185.00 (from $155.00) while maintaining a Overweight rating.
The analyst comments "In terms of setup for shares from here, based on our updated estimates, shares are trading at ~17x... More
