Carvana reports wider loss in Q4 as falling used-car prices weigh; analyst sees uncertainty
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Citi doubles price target on Carvana (CVNA) following 4Q
February 27, 2023 7:41 AM ESTCiti reiterated a Neutral rating on Carvana (NYSE: CVNA) and doubled their price target on the stock to $11.00 (From $5.50) after the company reported 4Q earnings results last week.
Carvana reported 4Q22 revenue 8% below consensus as retail unit sales declined 23% Y/Y and adj. EBITDA loss of $(291M) versus consensus of $(203M). Analyst, Ronald Josey wrote in a note... More
JPMorgan Removes Carvana (CVNA) Price Target as 'Liquidity Bandwidth Thinning'
February 24, 2023 8:01 AM ESTJPMorgan analyst Rajat Gupta reiterated a Neutral rating and removed its price target on Carvana (NYSE: CVNA), saying the "liquidity bandwidth" is thinning.
"We are removing our PT on CVNA after another reduction in estimates with our implied EV for the company... More
Carvana (CVNA) PT Lowered to $10 at Deutsche Bank, 'Still in early stage of path to profitability'
February 24, 2023 6:16 AM ESTDeutsche Bank analyst Emmanuel Rosner lowered the price target on Carvana (NYSE: CVNA) to $10.00 (from $16.00) while maintaining a Hold rating.
The analyst comments "Carvanas soft 4Q performance largely reflected the near-term challenges associated with the waning macro backdrop, with volumes declining again... More
