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Fly News Breaks for February 27, 2020
CVNA
Feb 27, 2020 | 06:11 EDT
JMP Securities analyst Ronald Josey raised the firm's price target on Carvana to $115 from $92 and keeps an Outperform rating on the shares. The analyst notes that the company's Gross Profit per Unit metric continued to expand in Q4, and he is more positive on its service expanding its reach as consumer become more comfortable with buying autos online. Josey also expects Carvana to build out its infrastructure and improve selection/delivery times.
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