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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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