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Fly News Breaks for February 27, 2020
CVNA
Feb 27, 2020 | 07:57 EDT
Baird analyst Colin Sebastian raised the firm's price target on Carvana to $100 from $87 and keeps an Outperform rating on the shares. The analyst said Q4 results were fairly decent with better than expected GPU, and lower EBITDA reflecting investments to support buying cars from customers. He said the longer-term outlook remains bright, with online car sales accelerating and margins improving.
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