Based on her web data analysis through mid-December, William Blair analyst Sharon Zackfia is increasing her Q4 estimate for cars sold at Carvana to a Street-high 52,250, well ahead of the high end of guidance and consensus. The analyst sees further room for upside to her raised expectations as her revised estimates assume a similar run-rate of sales the last 10 days of December as in mid-December, versus the typical year-end bump. Zackfia reiterates an Outperform rating on the shares as Carvana's "steep improvement" in profit metrics this year has provided a "greater degree of confidence" on the scalability of its model and the opportunity to achieve management's stated long-term EBITDA margin goal of 8%-plus as it drives toward building a greater share of the massive and fragmented used car marketplace.

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.

Welcome to "Fly Insider," The Fly's weekly recap of notable insider stock transactionsNOTABLE INSIDER PURCHASES: Significant insider purchases reported in the prior week from April 15 through April 19 include:Chairman of Ashford (AINC) Montgomery Bennett purchased 200,000 shares of company stock at $4. 91 per share... To see the rest of the story go to thefly.com. See Story Here