BofA raised the firm’s price target on Carvana (CVNA) to $270 from $252 and keeps a Buy rating on the shares. Carvana missed “high expectations” in Q4, but growth is “still solid” and management gave initial commentary on FY25 that points to “significant growth in both retail units sold and Adj. EBITDA,” the analyst tells investors. Carvana “remains one of the best growth acceleration names in Internet,” the analyst added.
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Read More on CVNA:
- Carvana price target raised to $320 from $277 at Citi
- Carvana Co: Robust Sales and Strategic Investments Justify Buy Rating Amid Short-Term Challenges
- Analysts Cheer Carvana’s (CVNA) Q4 Results with Price Target Hikes
- Carvana’s Earnings Call Highlights Record Profitability and Growth
- Carvana falls -16.3%
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