Carvana Announces Private Placement of Class A Convertible Preferred Stock
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Carvana (CVNA) PT Raised to $23 at Baird Following Announced Capital Raise
December 4, 2017 3:58 PM ESTBaird raised its price target on Carvana (NYSE: CVNA) to $23.00 (from $17.00) while maintaining a Outperform rating following the company's announced $100 million offering of convertible preferred shares. The announcement is calming investor concerns around potential cash constraints, while also signaling confidence in the company's... More
