Stephens analyst Jeff Lick raised the firm’s price target on Carvana (CVNA) to $375 from $300 and keeps an Overweight rating on the shares. The firm, which notes that Carvana announced Q2 results on July 31 last year, believes Q2 units sold came in better than Street estimates and now models units up 45%, versus up 35% previously forecast and the Street view of up roughly 38%, the analyst tells investors in a preview.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- Unprofitable Stocks Are Soaring in 2025 – Should You Join the Rally?
- Carvana Stock (CVNA) Earns a New Street-High Price Target
- CVNA, SMCI, FIX: Wall Street Turns Bullish on Small-Cap Stocks
- Carvana price target raised to $440 from $275 at Citizens JMP
- Mixed options sentiment in Carvana with shares up 4.13%