Jefferies analyst John Colantuoni reports that the firm’s web scrape suggests Carvana (CVNA) sold about 159,000 retail units in Q3, which would be equate to about 6% upside to consensus. The scrape also shows exiting Q3 with rate “meaningfully outpacing” Q4 consensus, positioning Carvana for a fifth straight quarter of 40%-plus growth, the analyst tells investors. Jefferies, which notes it is keeping is “above-Street” estimates unchanged, has a Buy rating and $475 price target on Carvana shares.
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