Carvana price target raised to $340 from $315 at Piper Sandler

Piper Sandler analyst Alexander Potter raised the firm’s price target on Carvana (CVNA) to $340 from $315 and keeps an Overweight rating on the shares. The firm still likes used car tech stocks, and notes that tariffs are still a source of uncertainty, but less so than a few months ago. EV sales momentum is regionalizing as China and Europe left the U.S. behind, Piper says.