On Oct 31, major Wall Street analysts update their ratings for $Carvana (CVNA.US)$, with price targets ranging from $110 to $320.
Morgan Stanley analyst Adam Jonas maintains with a sell rating, and maintains the target price at $110.
J.P. Morgan analyst Rajat Gupta CFA maintains with a buy rating, and adjusts the target price from $230 to $300.
BofA Securities analyst Mike McGovern maintains with a buy rating, and adjusts the target price from $210 to $252.
Baird analyst Craig Kennison maintains with a hold rating, and adjusts the target price from $160 to $240.
Needham analyst Chris Pierce maintains with a buy rating, and adjusts the target price from $200 to $300.
Furthermore, according to the comprehensive report, the opinions of $Carvana (CVNA.US)$'s main analysts recently are as follows:
Carvana's core operations persist in surpassing expectations, and its re-entry into the marketplace highlights the company's 'infrastructure moat.' Enhanced EBIDTA projections reflect the company's robust position within the auto retail ecosystem.
The firm acknowledges Carvana's Q3 outcomes, spotlighting the quarter's Gross Profit per Unit which surpassed the Street's estimates.
The firm noted that Carvana reported outstanding results, indicating rapid market share gains and remarkable profit growth. Retail volume soared by 34% to 108,651 vehicles, with expectations for this growth pace to quicken in the fourth quarter.
Here are the latest investment ratings and price targets for $Carvana (CVNA.US)$ from 8 analysts:
Note:
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