Carvana target adjusted to $93 from $475 at Barclays

Barclays analyst John Babcock adjusted the firm’s price target on Carvana (CVNA) to $93 from $475 and keeps an Overweight rating on the shares. The firm cites the company’s stock split for the target change. Carvana is still growing retail volumes at solid pace, although below the 40% growth achieved in last six quarters, the analyst tells investors in a research note.