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Fly News Breaks for August 2, 2018
CVNA
Aug 2, 2018 | 07:28 EDT
Baird analyst Colin Sebastian said he remains confident in his above consensus estimates on Carvana and said data points suggest there is potential upside to his Q2 sales estimates. The analyst said search trends imply the momentum has continued into early Q3. He admits Q3 guidance is somewhat of a wildcard, but he likes the shares at current levels. Sebastian reiterated his Outperform rating and $23 price target on Carvana.
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