Form 4 CARVANA CO. For: Apr 26 Filed by: ECG II SPE, LLC
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JPMorgan Upgrades Carvana (CVNA) to Overweight
May 2, 2024 5:45 AM EDTJPMorgan analyst Rajat Gupta upgraded Carvana (NYSE: CVNA) from Neutral to Overweight with a price target of $130.00 (from $70.00).
The analyst comments "We move to OW from N on CVNA shares after the company delivered another strong print with above seasonal unit growth and further improvement in unit economics. Adjusted EBITDA of $235 mn in 1Q24 was ahead of our street high $180 mn (and vs. cons of $131 mn) with implied 2Q guide of $235 mn+ also well ahead of prior JPM/cons of $172/$136 mn. The rapid... More
Carvana (CVNA) PT Raised to $103 at Evercore ISI
May 2, 2024 5:34 AM EDTEvercore ISI analyst Michael Montani raised the price target on Carvana (NYSE: CVNA) to $103.00 (from $77.00) while maintaining a In Line rating.
... More