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Fly News Breaks for May 10, 2018
CVNA
May 10, 2018 | 07:41 EDT
Deutsche Bank analyst Rod Lache upgraded Carvana to Buy and raised his price target for the shares to $33 from $23.50. B. Riley FBR also upgraded the shares this morning. Carvana's strategy appears to be working, as evidenced by "strong" growth, gross margin expansion, and leverage on operating expenses, Lache tells investors a post-earnings research note. The analyst is gaining confidence in Carvana's operational strength and believes the company can disrupt used vehicle retail through an innovative online platform.
News For CVNA From the Last 2 Days
CVNA
Apr 25, 2024 | 08:27 EDT
CVNA
Apr 24, 2024 | 08:00 EDT
Jefferies lowered the firm's price target on Carvana to $80 from $85 and keeps a Hold rating on the shares. The firm expects "another solid EBITDA print" as Carvana prioritizes unit economics over unit growth, the analyst tells investors in a preview note for the U.S. Internet group.
