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CVNA

Carvana

$77.23

3.42 (4.63%)

06:39
10/22/19
10/22
06:39
10/22/19
06:39

Carvana sold 15,239 retail units in September, says Citi

Citi analyst Nicholas Jones says his firm's data suggests Carvana solid 15,239 retail units in September. The company continues to grow its units per day nicely as it enters new markets, indicating that its new cohort trends are likely replicating its older cohorts, Jones tells investors in a research note. Carvana has entered 61 markets in 2019 and is currently serving markets where more than half of all used car sales are completed, adds the analyst, who keeps a Buy rating on the shares.

  • 06

    Nov

CVNA Carvana
$77.23

3.42 (4.63%)

09/20/19
09/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Roku (ROKU) initiated with a Sell at Pivotal Research. 2. Carvana (CVNA) initiated with an Outperform at Oppenheimer. 3. Zealand Pharma (ZEAL) and MyoKardia (MYOK) were initiated with a Buy at Guggenheim. 4. Wayfair (W) initiated with a Sell at Berenberg. 5. Eton Pharmaceuticals (ETON) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/19
JPMS
09/26/19
INITIATION
Target $75
JPMS
Neutral
Carvana initiated with a Neutral at JPMorgan
JPMorgan analyst Rajat Gupta started Carvana with a Neutral rating and $75 price target. The analyst believes the company's business model is "attractive" with "solid" near-term earnings momentum. However, this is already appropriately reflected in the stock's "premium" valuation, Gupta tells investors in a research note.
09/26/19
09/26/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dropbox (DBX) assumed with an Outperform at RBC Capital. 2. Rigel Pharmaceuticals (RIGL) assumed with an Overweight at JPMorgan. 3. Aaron's (AAN) initiated with a Buy at BofA/Merrill. 4. Cooper-Standard (CPS) resumed with a Buy at Roth Capital. 5. Carvana (CVNA) initiated with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/15/19
MSCO
10/15/19
NO CHANGE
Target $29
MSCO
Underweight
Carvana price target trimmed to $29 ahead of Q3 report at Morgan Stanley
Morgan Stanley analyst Armintas Sinkevicius said he sees few surprises from Carvana in its Q3 earnings report, though he thinks the narrative about the company is shifting from a focus on year-over-year growth driven by market expansion to one about low single-digit percentage quarter-over-quarter organic growth. The analyst, who estimates about 2% sequential organic growth in Retail Unit Sales in Q3 if he removes the 9 new markets from his estimate, maintains an Underweight rating on Carvana and trimmed his price target on the stock to $29 from $30.

TODAY'S FREE FLY STORIES

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WSM

Williams-Sonoma

$70.48

-0.88 (-1.23%)

21:33
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21:33
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Initiation
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W

Wayfair

$84.57

1.28 (1.54%)

21:31
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Initiation
Wayfair initiated at Barclays »

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  • 19

    Dec

VFC

VF Corp.

$84.69

-1.7 (-1.97%)

21:28
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Initiation
VF Corp. initiated at Barclays »

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URBN

Urban Outfitters

$30.85

0.295 (0.97%)

21:25
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Initiation
Urban Outfitters initiated at Barclays »

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  • 19

    Nov

UAA

Under Armour

$17.29

-0.295 (-1.68%)

21:23
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Initiation
Under Armour initiated at Barclays »

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ULTA

Ulta Beauty

$244.06

2.19 (0.91%)

21:19
11/12/19
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21:19
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21:19
Initiation
Ulta Beauty initiated at Barclays »

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  • 05

    Dec

TJX

TJX

$58.40

-0.14 (-0.24%)

21:15
11/12/19
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21:15
Initiation
TJX initiated at Barclays »

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  • 19

    Nov

TPR

Tapestry

$26.38

-0.295 (-1.11%)

21:12
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Initiation
Tapestry initiated at Barclays »

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  • 20

    Nov

AFL

Aflac

$53.97

-0.04 (-0.07%)

21:02
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Hot Stocks
Aflac names Frederick Crawford new COO »

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ROST

Ross Stores

$110.97

-1.16 (-1.03%)

21:00
11/12/19
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Initiation
Ross Stores initiated at Barclays »

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  • 21

    Nov

RL

Ralph Lauren

$111.44

-2.58 (-2.26%)

20:57
11/12/19
11/12
20:57
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20:57
Initiation
Ralph Lauren initiated at Barclays »

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RH

RH

$174.48

-0.18 (-0.10%)

20:56
11/12/19
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Initiation
RH initiated at Barclays »

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PVH

PVH Corp.

$96.91

0.14 (0.14%)

20:53
11/12/19
11/12
20:53
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20:53
Initiation
PVH Corp. initiated at Barclays »

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  • 26

    Nov

JWN

Nordstrom

$36.90

-0.52 (-1.39%)

20:51
11/12/19
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20:51
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20:51
Initiation
Nordstrom initiated at Barclays »

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  • 20

    Nov

NKE

Nike

$89.51

-0.52 (-0.58%)

20:46
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Initiation
Nike initiated at Barclays »

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EYE

National Vision

$27.03

0.24 (0.90%)

20:43
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Initiation
National Vision initiated at Barclays »

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LB

L Brands

$17.53

0.02 (0.11%)

20:40
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Initiation
L Brands initiated at Barclays »

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  • 21

    Nov

BABA

Alibaba

$186.97

0.26 (0.14%)

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Periodicals
Alibaba gets approval to sell shares in Hong Kong, SCMP reports »

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  • 19

    Nov

ENR

Energizer

$42.01

-1.1 (-2.55%)

, SPB

Spectrum Brands

$51.19

-0.76 (-1.46%)

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Earnings
Notable companies reporting before tomorrow's open »

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ENR

Energizer

$42.01

-1.1 (-2.55%)

SPB

Spectrum Brands

$51.19

-0.76 (-1.46%)

SSYS

Stratasys

$20.74

0.04 (0.19%)

FVRR

Fiverr

$21.56

-0.47 (-2.13%)

MTOR

Meritor

$23.44

-0.25 (-1.06%)

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Wedge Partners
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  • 13

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DDOG

Datadog

$34.40

0.89 (2.66%)

20:02
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Datadog establishes Japanese subsidiary »

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  • 12

    Nov

  • 19

    Nov

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