Citi says says that while Carvana’s (CVNA) retail units in Q4 were better than expected, its profitability underperformed. Further, the company’s retail sales guidance of unit growth quarter-over-quarter is below expectations, the analyst tells investors in a research note. Carvana is taking share of the used car market, but its lower Q1 retail unit sales guidance is likely to pressure the stock, contends Citi. The firm has a Buy rating on Carvana with a $550 price target The stock in premarket trading is down 9%, or $33.41, to $328.12.
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