Citi raised the firm’s price target on Carvana (CVNA) to $550 from $445 and keeps a Buy rating on the shares. Citi’s retail unit sales tracker suggests Carvana’s November retail sales growth accelerated to 37% year-over-year from 32% in October. Citi believes the company is seeing strengthening demand trends. It upped Carvana’s EBITDA projections along with the price target
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