Carvana (CVNA) PT Raised to $150 at Jefferies

Carvana (CVNA) PT Raised to $200 at JMP Securities

JMP Securities analyst Nicholas Jones raised the price target on Carvana (NYSE: CVNA) to $200.00 (from $150.00) while maintaining a Market Outperform rating.... More

Carvana (CVNA) PT Raised to $148 at TD Cowen

TD Cowen analyst John Blackledge raised the price target on Carvana (NYSE: CVNA) to $148.00 (from $110.00) while maintaining a Hold rating.

The analyst commented, "CVNA's robust 2Q retail unit growth of 32.5% y/y drove beats across key metrics. Rev grew 14.9% y/y, 3% / 5%... More

Carvana (CVNA) PT Raised to $155 at DA Davidson

(Updated - August 1, 2024 8:20 AM EDT)

DA Davidson analyst Michael Baker raised the price target on Carvana (NYSE: CVNA) to $155.00 (from $110.00) while maintaining a Neutral rating.

The analyst commented: "From their founding in 2012 through 2021, Carvana was the fastest growing... More

Midday movers: Meta Platforms, Lilly rise; Arm, Moderna fall

(Updated - August 1, 2024 11:44 AM EDT)

Investing.com -- U.S. stock futures declined Thursday after a measure of U.S. manufacturing activity dropped to an eight month low.

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

Meta Platforms (NASDAQ: META) stock fell 6.3% after the Facebook-parent reported stronger-than-expected second-quarter earnings and also presented a robust outlook.

Arm Holdings... More

Carvana (CVNA) PT Raised to $151 at Piper Sandler

Piper Sandler analyst Alexander Potter raised the price target on Carvana (NYSE: CVNA) to $151.00 (from $105.00) while maintaining a Neutral rating.

The analyst commented, "CVNA shares are indicated higher by 14%, after retail sales grew 33% y/y in Q2. The past two quarters provide... More

Carvana (CVNA) PT Raised to $150 at Wedbush

Wedbush analyst Seth Basham raised the price target on Carvana (NYSE: CVNA) to $150.00 (from $120.00) while maintaining a Neutral rating.... More

Carvana (CVNA) PT Raised to $110 at Morgan Stanley

Morgan 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

Needham 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

Baird Assumes Carvana (CVNA) at Neutral

Baird analyst Craig Kennison assumes coverage on Carvana (NYSE: CVNA) with a Neutral rating and a price target of $160.00.

The analyst comments "Strong results. We are assuming coverage of Carvana as part of our Automotive Services and Marketplaces franchise. We see... More

Carvana shares surge on robust 2024 core profit forecast

(Reuters) -Shares of Carvana surged nearly 15% a day after the used car retailer forecast annual core profit above Wall Street estimates, as more car buyers consider shopping online.

Baird analyst Craig Kennison said the company's story promised a bright future and Carvana was "well positioned" to gain share as... More

Carvana (CVNA) PT Raised to $170 at RBC Capital

RBC 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

Wells Fargo Assumes Carvana (CVNA) at Overweight, 'LT opportunity too hard to ignore'

(Updated - August 1, 2024 6:42 AM EDT)

Wells Fargo analyst David Lantz assumes coverage on Carvana (NYSE: CVNA) with a Overweight rating and a price target of $175.00.

The analyst comments "LT opportunity too hard to ignore. Despite lingering macro concerns and choppy category... More

Carvana (CVNA) PT Raised to $188 at BTIG

BTIG 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

Stocks expected to have increasing option volume: CVNA MGM VAC CHRW ARM HLF NOVA SNBR PAYC ETSY CAKE TDOC COP REGN CI APO BDX

Stocks expected to have increasing option volume: CVNA MGM VAC CHRW ARM HLF NOVA SNBR PAYC ETSY CAKE TDOC COP REGN CI APO BDX