Information Provided By:
Fly News Breaks for December 31, 2019
CVNA
Dec 31, 2019 | 10:03 EDT
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.
News For CVNA From the Last 2 Days
There are no results for your query CVNA