Wells Fargo lowered the firm’s price target on Carvana (CVNA) to $425 from $525 and keeps an Overweight rating on the shares. The firm says that while Carvana Q4 retail units beat, it attributes after-hours pressure to the adjusted EBITDA/retail GPU shortfalls and lack of specific Q1/2026 guidance. That said, with share gains nicely intact, initiatives resonating, and long-term targets achievable, Wells is a buyer of weakness.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- Carvana: Leading Large‑Cap Growth Compounder Poised for Multiple Expansion and Long‑Term Upside
- Carvana: Sustained Hyper-Growth and Market Share Upside Support Buy Rating Despite Near-Term Profitability Pressures
- Closing Bell Movers: Carvana sinks 16%, DoorDash jumps 13% after results
- Carvana cites higher reconditioning costs in quarter
- Carvana says ‘cooperating’ with SEC staff amid short-selling firm allegations