Carvana Continues Same Day Delivery Expansion in Richmond Area

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JPMorgan Reiterates Overweight Rating on Carvana (CVNA), 'higher conviction in our above consensus EBITDA'

June 27, 2024 6:07 AM EDT

JPMorgan analyst Rajat Gupta reiterated an Overweight rating and $150.00 price target on Carvana (NYSE: CVNA).

The analyst comments "We come away from CVNAs Rocklin, CA, IRC tour with higher conviction in our above consensus EBITDA (~15% higher on average) and EBITDA/unit estimates for 2024/2025/2026 as... More