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Fly News Breaks for February 27, 2020
CVNA
Feb 27, 2020 | 08:19 EDT
Wedbush analyst Seth Basham raised the firm's price target on Carvana to $90 from $75 to account for stronger revenue growth. The analyst notes that the company reported Q4 results that handily beat on units sold but missed on EBITDA margin, with both factors driving a larger EBITDA loss. Basham keeps a Neutral rating on the shares.