BofA analyst Michael McGovern raised the firm’s price target on Carvana (CVNA) to $425 from $375 and keeps a Buy rating on the shares following the company’s beats on the top and bottom line. Guidance shows “no slowdown,” adds the analyst, who is raising the firm’s units and EBITDA estimates through 2027 following the quarterly report.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- Carvana’s Strong Financial Performance and Growth Prospects Earns Buy Rating from Analyst Adam Jonas
- Carvana price target raised to $425 from $390 at Wells Fargo
- Carvana Co’s Strong Performance and Strategic Growth Drive Buy Rating
- Carvana Co’s Strong Performance and Growth Prospects Justify Buy Rating
- Carvana price target raised to $460 from $440 at Citizens JMP