Citizens analyst Andrew Boone raised the firm’s price target on Carvana (CVNA) to $515 from $460 and keeps an Outperform rating on the shares. Carvana delivered strong Q1 results with 40% unit growth on a tough comp, revenue and EBITDA beating expectations, operations recovering from prior headwinds with near-record efficiency, and demand continuing to follow its expanding supply, supporting margin improvement into the second half of 2026, the analyst tells investors in a research note.
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