BTIG keeps a Buy rating and $450 price target on Carvana (CVNA) but notes that the company’s September ABS performance data for its closely-watched 2025-N1 issuance has showed signs of improvement as the pace of cumulative net loss development slowed and 30- and 60-day delinquencies declined. BTIG notes however that while it sees the September numbers as “incrementally reassuring”, the environment remains dynamic.
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: