Carvana Releases Improved Q2 2023 Financial Outlook Ahead of Industry Conference
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Carvana (CVNA) PT Raised to Street High $25 at Citi 'to account for improving operations'
June 9, 2023 6:47 AM EDTCiti analyst Ronald Josey raised the price target on Carvana (NYSE: CVNA) to $25.00 (from $11.00) while maintaining a Neutral rating.
The analyst comments "Yesterday, Carvana announced that it now expects its 2Q23 non-GAAP GPU to reach $6K+ ($1K above its prior guide)... More
Carvana Co. (CVNA) Extends Gain, Now Up 40%
June 8, 2023 12:03 PM EDTCarvana Co. (NYSE: CVNA) Extends Gain, Now Up 40%
Earlier: Carvana Co. (CVNA) shares surge on strong Q2 guidance
Evercore ISI Negative on Carvana (CVNA): 'Our latest web traffic tracker shows a trend of ~40% declines in web traffic to Carvana’s site'
June 8, 2023 9:11 AM EDTEvercore ISI analyst Michael Montani reiterated an In Line rating and $12.00 price target on Carvana (NYSE: CVNA).
The analyst comments "Carvanas 2Q outlook for positive adjusted EBITDA shows that it is taking difficult but necessary actions to sustain the brand. The companys updated outlook for above $50mn of positive 2Q adj. EBITDA compares to the prior... More
Carvana Co. (CVNA) shares surge on strong Q2 guidance
June 8, 2023 8:29 AM EDTCarvana Co. (NYSE: CVNA) shares surged almost 30% in premarket trading Thursday after it announced improved second-quarter guidance.
The used car firm revealed it now expects to achieve adjusted EBITDA above $50 million in the second quarter, while non-GAAP total gross profit per unit... More
