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CVNA

Carvana

$77.95

0.94 (1.22%)

16:21
09/11/19
09/11
16:21
09/11/19
16:21

Needham sees 'significant' valuation creation for Carvana, starts at Buy

Needham analyst Brad Erickson initiated coverage of Carvana with a Buy rating and $105 price target. The company offers a "more compelling" car buying experience that should lead to "significant" further value creation over the next several years, Erickson tells investors in a research note. While financing concerns will remain an overhang on shares, Carvana's footprint expansion and execution should illuminate how underappreciated the company's gross profit potential is at current levels, says the analyst.

CVNA Carvana
$77.95

0.94 (1.22%)

08/08/19
JMPS
08/08/19
NO CHANGE
Target $80
JMPS
Outperform
Carvana price target raised to $80 from $64 at JMP Securities
JMP Securities analyst Ronald Josey raised his price target on Carvana to $80 and kept his Outperform rating after its better than expected Q2 results. The analyst notes the quarter's retail car sales growth of 95% and GPU rise of 26% also topped consensus, boosting his confidence that the company can continue to gain share in the "highly fragmented" used vehicle market in the U.S.
08/08/19
COWN
08/08/19
NO CHANGE
Target $85
COWN
Outperform
Carvana price target raised to $85 from $81 at Cowen
Cowen analyst Thomas Champion raised his price target on Carvana to $85 from $81 following Q2 results. The analyst said the quarter showed dramatic improvement in GPU while management made upward revisions to guidance. He believes the company should continue to see improving GPU and is on track to reach breakeven GPU in 2021. Champion reiterated his Outperform rating on Carvana shares.
08/08/19
MSCO
08/08/19
NO CHANGE
Target $30
MSCO
Underweight
Morgan Stanley ups Carvana price target to $30 after earnings, stays Underweight
Morgan Stanley analyst Armintas Sinkevicius raised his price target on Carvana shares to $30 from $22 following the company's "beat and raise" report, though he maintains an Underweight rating on the stock as he continues to believe that it will take longer for the business to scale than Bulls think and remains concerned about profitability in the meantime. He remains focused on the potential need for capital, but Sinkevicius admits the combination of 34% short interest and constructive intraquarter data on retail units "make it difficult to express a negative view in the near term."
09/11/19
NEED
09/11/19
INITIATION
Target $105
NEED
Buy
Carvana initiated with a Buy at Needham
Needham analyst Brad Erickson initiated Carvana with a Buy and $105 price target.

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Johnson & Johnson

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TEVA

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ABT

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AMRX

Amneal Pharmaceuticals

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MYL

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McKesson

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CAH

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Wabtec

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CVS

CVS Health

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RealReal

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CMG

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MCD

McDonald's

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YUM

Yum! Brands

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Wendy's

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Comcast

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Encompass Health

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MSFT

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Procter & Gamble

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PepsiCo

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CL

Colgate-Palmolive

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Kimberly-Clark

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BGNE

BeiGene

$135.62

2.61 (1.96%)

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CE

Celanese

$122.73

-1.06 (-0.86%)

19:24
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BA

Boeing

$379.33

-5.28 (-1.37%)

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AA

Alcoa

$21.70

-0.26 (-1.18%)

19:15
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19:15
Downgrade
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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

, SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

19:15
09/22/19
09/22
19:15
09/22/19
19:15
Downgrade
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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

AA

Alcoa

$21.70

-0.26 (-1.18%)

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CMC

Commercial Metals

$17.94

-0.42 (-2.29%)

19:08
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19:08
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SCHN

Schnitzer Steel

$23.55

-0.27 (-1.13%)

19:06
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FNSR

Finisar

$24.31

1.25 (5.42%)

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BNPQY

BNP Paribas

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Deutsche Bank

$7.99

-0.08 (-0.99%)

18:04
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Deutsche Bank nearing deal to transfer prime assets to BNP, Reuters says »

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DB

Deutsche Bank

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VRSK

Verisk Analytics

$158.47

-0.21 (-0.13%)

18:00
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T

AT&T

$37.92

0.78 (2.10%)

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Comcast

$46.36

-0.32 (-0.69%)

16:58
09/22/19
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T

AT&T

$37.92

0.78 (2.10%)

CMCSA

Comcast

$46.36

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CMCSK

Comcast

$0.00

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SNE

Sony

$59.19

-0.19 (-0.32%)

LGF.A

Lionsgate

$9.49

-0.47 (-4.72%)

LGF.B

Lionsgate

$8.88

-0.435 (-4.67%)

DIS

Disney

$132.18

-1.14 (-0.86%)

VIAB

Viacom

$24.92

-0.28 (-1.11%)

VIA

Viacom

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VIVHY

Vivendi

$0.00

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, MDSO

Medidata

$91.77

-0.04 (-0.04%)

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Vivendi to widen legal battle against Mediaset beyond Italy, Reuters says »

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Vivendi

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MDSO

Medidata

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SoftBank

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SoftBank

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Some WeWork board members seeing to remove Neumann as CEO, WSJ says »

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SoftBank

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SoftBank

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WE

We Company

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SoftBank turns against WeWork's parent CEO, Reuters reports »

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Viacom

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Viacom

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Viacom

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Viacom

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SNE

Sony

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PWR

Quanta Services

$37.61

-0.28 (-0.74%)

12:22
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Quanta Services management to meet with Stephens »

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PTEN

Patterson-UTI

$9.66

0.01 (0.10%)

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Patterson-UTI management to meet with Stephens »

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ESE

Esco Technologies

$78.44

-1.54 (-1.93%)

12:19
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Esco Technologies management to meet with Stephens »

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CSGP

CoStar Group

$595.10

-3.87 (-0.65%)

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CoStar Group participates in a conference call with Stephens »

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CNNE

Cannae Holdings

$28.05

0.875 (3.22%)

12:02
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Cannae Holdings management to meet with Stephens »

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ANDE

Andersons

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XGN

Exagen

$18.16

-0.425 (-2.29%)

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Datadog

$36.20

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08:40
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Opening Day: Datadog rises over 50% in market debut »

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Exagen

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DDOG

Datadog

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PING

Ping Identity

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IGMS

IGM Biosciences

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NVST

Envista

$28.80

0.75 (2.67%)

PTON

Peloton

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EDR

Endeavor

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OPRT

Oportun Financial

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WE

We Company

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Cisco

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SoftBank

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SoftBank

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PG

Procter & Gamble

$122.22

0.37 (0.30%)

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Coca-Cola

$53.90

-0.62 (-1.14%)

08:17
09/21/19
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08:17
Periodicals
Kellogg, Coca-Cola among staples stocks for dividends, Barron's says »

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PG

Procter & Gamble

$122.22

0.37 (0.30%)

KO

Coca-Cola

$53.90

-0.62 (-1.14%)

PEP

PepsiCo

$134.49

-0.98 (-0.72%)

CL

Colgate-Palmolive

$70.97

0.01 (0.01%)

KMB

Kimberly-Clark

$135.13

0.9 (0.67%)

K

Kellogg

$63.79

0.07 (0.11%)

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CMCSA

Comcast

$46.36

-0.32 (-0.69%)

, CMCSK

Comcast

$0.00

(0.00%)

08:09
09/21/19
09/21
08:09
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08:09
Periodicals
Facebook, Microsoft among growth stocks for risky times, Barron's says »

Comcast (CMCSA), Delta…

CMCSA

Comcast

$46.36

-0.32 (-0.69%)

CMCSK

Comcast

$0.00

(0.00%)

DAL

Delta Air Lines

$58.63

-0.05 (-0.09%)

FANG

Diamondback Energy

$96.90

-0.45 (-0.46%)

EHC

Encompass Health

$64.41

-0.01 (-0.02%)

FB

Facebook

$189.88

-0.27 (-0.14%)

JNJ

Johnson & Johnson

$131.73

1.75 (1.35%)

MSFT

Microsoft

$139.34

-1.74 (-1.23%)

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